Mountain Energy Nepal Distributed 10.526% Cash Dividend Directly to Shareholders Bank Account

Mountain Energy Nepal Limited (MEN) distributed 10.5263% cash dividends directly to the bank accounts of its shareholders on Poush 26 and has urged them to dematerialize their shares.

The company convened its 9th AGM for the FY 2078/79 on Poush 08, 2079. The company endorsed a 10.5263% cash dividend to its shareholders from the profit it had made in the previous fiscal year. This is the first-ever dividend proposed by the company. The same cash dividend has now been deposited.

Therefore, shareholders who haven't yet dematerialized their shares or haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.

Also, if eligible investors had taken a loan against the shares of the company before the book closure date should present a No Objection Letter from their lending institution in order to receive the dividend.

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