Bottlers Nepal (Terai) shareholders to get Rs 25 per share dividend; Book closure on Mangsir 11

Bottlers Nepal (Terai) Limited has announced dividend of Rs. 25 per share on equity shares of Rs. 100 each to its shareholders. Bottlers Nepal is the only bottler company of Coca-Cola products in Nepal. It has two bottling plants namely Kathmandu (Bottlers Nepal (Balaju) Limited – BNL) and Bharatpur (Bottlers Nepal (Terai) Limited. As per the notice published in Nepal Stock Exchange, the BOD meeting held on Kartik 20, 2074 proposed cash dividend of Rs 25 per share to its shareholders from the net profit it earned in the last fiscal year 2073/74. The decision is subjected to approval from company’s upcoming 31^st  Annual General Meeting (AGM) and its concerned authorities. The same meeting has decided to close the register of their shareholders from Mangsir 11, 2074 till Mangsir 25, 2074 for the purpose of holding 31^st Annual General Meeting of the company. Last year too, the company had distributed Rs 25 per share cash dividend to its shareholders from the net profit earned in the fiscal year 2072/73. The last traded price of Bottlers Nepal (Terai) stands at Rs 6,498 while LTP of BNL  is at Rs 1,660 as of November 6, 2017.