Himalayan Distillery Limited (HDL) has proposed a 100% dividend for the fiscal year 2077/78.
The meeting of the board of directors held on Poush 06 decided to distribute the dividend on the paid-up capital: 75% bonus shares and 25% cash dividend (including tax) have been proposed.
The dividend will be distributed only after endorsement by the company's upcoming AGM. As of writing, HDL has an LTP of Rs. 6,400.
The company has called its 21st AGM on Poush 28. The meeting will be held in the company's registered office in Parsa, starting at 10 am that day. Poush 16 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.