Orientals Hotels urges shareholders to update account information to receive dividend; Company distributing 10.79% cash dividend


Orientals Hotels Limited (OHL) has published a notice stating that the 10.79% cash dividend approved by the 22nd Annual General Meeting of the company has been distributed directly to the bank accounts of the shareholders. Similarly, for shareholders who haven't dematerialized their shares or haven't updated their account information in Demat account will receive the dividend after the shares have been dematerialized and accounts updated.

Likewise, for shareholders who have updated their account information but haven't received cash dividend, are requested to contact the Share Registrar of OHL, NIBL Ace Capital.

The company has approved the following dividend to be distributed to its shareholders from the profit of FY 2075/76:

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