Nepal Lube Oil Limited (NLO) has announced a 25% dividend for the fiscal year 2080/81 and will hold its 33rd Annual General Meeting (AGM) on Ashwin 18, 2081. During the 376th Board of Directors’ meeting, held on Bhadra 26, the company proposed a 20% bonus share and 5% cash dividend, based on its current paid-up capital of Rs. 6.07 Crores.
In addition to the dividend proposal, there is an agenda to issue a Further Public Offering (FPO) to the general public, aimed at increasing the company’s paid-up capital.
The AGM will also focus on approving the auditor’s report, along with the profit and loss statements, financial reports, and cash flow reports for FY 2080/81. Additionally, the appointment of an auditor for the fiscal year 2081/82 will be discussed.
The book closure date has been set for Ashwin 4, meaning shareholders registered by Ashwin 3 will be eligible for the dividend payout and can attend the AGM.
