Oriental Hotel proposes 24.21% dividend; AGM on Kartik 23 , Book Closure on Kartik 9

Oriental Hotel Limited (OHL) has declared 18% bonus share along with 6.21% cash dividend including for tax purpose to its shareholders from the profits it earned in FY 2073/74, for a total dividend of 24.21%. As per the notice published by the company in Nepal Stock Exchange (NEPSE) today, The company’s BOD meeting held today has proposed the above dividends, subjected to approval from the company’s upcoming 20th Annual General Meeting (AGM) which is going to be held on Kartik 23, 2074 at 11 AM. Earlier, from the profit of FY 2072/73, it had distributed 20% bonus shares and 6.32% cash dividend to its shareholders. The book closure date for the dividend has been set on Kartik 9, 2074 till Kartik 23,2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till Kartik 8, 2074 are entitled for proposed dividends and for participation in the AGM. OHL has earned net profit of Rs .22.60 crore in last fiscal year 2073/74. Its paid up capital currently stands at Rs 79.17 crore, and after 18% bonus share, it will hike to Rs 93.42 crore.