Emerging Nepal Limited Distributed Cash Dividends Directly to Shareholders' Bank Accounts
Wed, Jan 17, 2024 8:44 AM on Latest, Dividend, Bonus & Rights,
Emerging Nepal Limited (ENL) has distributed an 8.4211% cash dividend directly to the bank accounts of its shareholders and has urged them to dematerialize their shares.
The company convened its 8th AGM on Mangsir 15, 2080, and endorsed an 8.4210% cash dividend for the fiscal year 2079/80. The 80th meeting of the board of directors held on Kartik 21 decided to distribute the dividend on the paid-up capital of Rs. 55.56 Crore. An 8.42105% cash dividend (including tax) worth Rs 4.67 crores was proposed.
Furthermore, the company has requested its shareholders to dematerialize their shares, especially if they have not updated their bank information within the Demat account.
Additionally, suppose eligible investors had taken a loan against the shares of the company before the book closure date. In that case, they should present a No Objection Letter from their lending institution to receive the dividend.
