Unilever Nepal Limited (UNL) urges investors to dematerialize their shares and add bank details for dividend payment

Issuing a new notice, Unilever Nepal Limited (UNL) has requested its shareholders to dematerialize their shares.

Like in the previous years, UNL will directly deposit the cash dividend to the bank account of its shareholders via the Inter-bank Payment System (IPS). As such, investors will have to dematerialize their shares and authenticate their bank details in their respective BOID.

Furthermore, the company has also requested investors to cooperate with the share registrar, Sunrise Capital. It has requested investors to add their PAN, mobile number, and email in the BOID. In order to do so, investors can send an email at (ramita.maharjan@sunrisecapital.com.np).

The company has proposed a cash dividend of Rs 100 per share for its shareholders from the profit of FY 2076/77. The decline in the dividend payout ratio is mainly due to a decline in net profit because of the lockdown imposed and the outbreak of COVID-19.

The 161st Board of Directors meeting of Unilever Nepal Limited was held in a virtual manner i.e. (video call via Microsoft Team Site) at 15:45 PM NST on Friday, 25th September considering the current pandemic. The Board of Directors has approved the audited Annual Accounts of the Company for FY 2076/77 and thereby has recommended distribution of NPR 100 Per share as a dividend out of the profit available for appropriation.

The book closure date for the cash dividend purpose is on Kartik 27, 2077.

Announcement