Oriental Hotels proposes 26.32% dividend for FY 2074/75; To distribute after AGM on Kartik 12

Oriental Hotels Limited (OHL) has announced 26.32% dividend for its shareholders.

The hotel has proposed 11.32% cash dividend worth Rs 10.57 crore and 15% bonus shares worth Rs 14.01 crore for the FY 2074/75.

After the adjustment of 15% bonus shares, the paid-up capital will reach Rs 1.07 arba.

The decision is subject to approval from Nepal Rastra Bank and the upcoming AGM.

The company’s AGM will be convened on Kartik 12, 2075. For the purpose of the AGM, the shareholders register book will remain closed from Ashoj 19 till Kartik 12, 2075 i.e. the shareholders holding the share till Ashoj 18 will receive the dividend.

For the FY 2073/74, the company had declared 18% bonus share and 6.21% cash dividend.