Ru Ru Jalbidhyut And Nepal Lube Oil Distributed Cash Dividends Directly to Shareholders' Bank Accounts
Thu, Feb 8, 2024 12:19 PM on Latest, Dividend, Bonus & Rights,
Ru Ru Jalbidhyut Pariyojana Limited (RURU) has distributed a 10.5263% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.
The company convened its 18th AGM for the FY 2079/80 on Poush 25, 2080. The company endorsed a 10.5263% cash dividend for FY 2079/80. The meeting of the board of directors held on Poush 01 has proposed a 10.5263% cash dividend for the fiscal year 2079/80. The company's existing paid-up capital is Rs. 49.33 Crores.
Similarly, Nepal Lube Oil Limited (NLO) has also distributed a 5% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.
The company convened its 32nd AGM for the FY 2079/80 on Poush 25, 2080. The company endorsed a 30% dividend for FY 2079/80. The 371st meeting of the board of directors held on Poush 01 has proposed a 30% dividend for the fiscal year 2079/80. 25% bonus shares and 5% cash dividends were proposed. The company's existing paid-up capital is Rs. 4.86 Crores.
Also, both companies have urged the shareholders to dematerialize their shares if they still need to update their bank information in the Demat account and are requested to do so to receive the dividend.
Additionally, suppose eligible investors had taken a loan against the company's shares before the book closure date. In that case, they should present a No Objection Letter from their lending institution to receive the dividend.