Oriental Hotels Limited announces AGM on 4th Mangsir; No Dividend for FY 2076/77
Thu, Oct 22, 2020 11:14 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM,
Oriental Hotels Limited (OHL) has announced its 23rd AGM on 4th Mangsir, i.e. November 19. Because of the ongoing threats of the pandemic, the AGM will be hosted online via Zoom. Investors willing to participate will be provided access credentials.
As is the norm with an Annual General Meeting, the usual agenda is the discussion on the annual report for fiscal year 2076/77, cash flow and PNL, auditor appointment, etc.
Meanwhile, Oriental Hotels Limited is not distributing any dividend for the fiscal year 2076/77. This is likely because of the reduced profitability of the Hotel sector because of the Covid-19 pandemic and the travel restriction that followed. Oriental Hotels Limited had reported a fall in its net profit by 79.8% in the fiscal year 2076/77 compared to the fiscal year before it.
The book closure for the AGM is declared on Kartik 20. Thus, investors maintained until that date are eligible to attend the AGM.
