Soaltee Hotel to approve 10% stock & 11.05% cash dividend; 42nd AGM on Poush 25

Soaltee Hotel Limited (SHL) will be holding its 42nd Annual General Meeting (AGM) on Poush 25, 2073. The meeting will be held at the Soaltee Crown Plaza, Megha Malhar Conference Hall, Tahachal, Kathmandu at 10:30 AM. The main agendas of the meeting is to endorse 10 percent bonus share and 11.05 percent cash dividend including for tax purpose from the net profit it earned from the fiscal year 2072/73. Other agendas include financial highlights of the FY 2072/73 and appointment of auditor. Only those shares registered one day ahead of the book closure date, i.e. Mangsir 26, 2073 are eligible for the bonus shares. The register of shareholders was closed from Mangsir 27, 2073 till Poush 25, 2073 for the purpose of its AGM. SHL has earned net profit of Rs 3.15 crore in the first quarter of fiscal year 2073/74. Its paid up capital remains at Rs 52.65 crore. After issuance of 10 percent bonus share, the paid up capital will reach Rs 57.91 crore.