Oriental Hotels 20th AGM on Kartik 23, to endorse 24.21% dividend and issue FPO

Oriental Hotels Limited (OHL) will be convening its 22^nd Annual General Meeting (AGM) on Kartik 23, 2074. The AGM is going to be held at Nepal Prasasanik Prasichan Kendra, Jawalakhel, Lalitpur at 11:00 AM. The main agendas of the AGM are:

• To endorse 18% bonus shares and 6.21% cash dividend from the net profit of the FY 2073/74.
• To endorse decision for Further Public Offerng (FPO) to maintain promoter – public ratio of 55:45.
• To amend Memorandum of Association (MOA) and Articles of Association (AOA).
• To conduct election for the Board of Directors.

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Kartik 9 to Kartik 23, 2074. Only those shareholders owning their shares till Kartik 8, 2074, i.e. one day ahead of the book closure date are eligible to participate in the AGM and for proposed dividends. It has earned Rs 17.29 crore in the third quarter of the FY 2073/74.