Oriental Hotel to convene its 22nd AGM on Kartik 07, 2076; Book Closure for 15.79% dividend on Ashwin 28

Oriental H...

Oriental Hotels (OHL) will be holding its 22nd Annual General Meeting on Kartik 07, 2076 at Nepal Prasaasanik Prasichyan Pratisthan, Jawalakhel, Lalitpur from 11 AM onwards. The book closure date for the same has been announced on Ashwin 28, 2076. Therefore, shareholders maintained on Ashwin 27 will be eligible for the dividend.

The major agenda of the AGM involves approval of the dividend proposed by the Board. The details are:

Current paid-up capital: Rs 1.07 arba
Bonus shares: 5% worth Rs 5.37 crore
Cash dividend: 10.79% worth Rs 11.59 crore (Including tax)
Capital after adjustment of bonus: Rs 1.12 arba

Other agendas include:

  • Discussion and approval of Annual Report to be presented by the Board along with Financial statements of the year.
  • Appointment of the auditor and fixation of remuneration for the same.
  • The 20th AGM had proposed FPO to change shareholding structure to 55:45 (promoter:ordinary), however this will now be canceled maintaining the ratio at 70:30

Announcement

Also read: Oriental hotel proposes 10.79% cash and 5% bonus dividend from the profit of 2075/76; Book closure on Ashwin 28