Soaltee Hotel Limited (SHL), one of Nepal’s leading hospitality companies, has announced a proposed dividend of 31.57894737% for the fiscal year 2081/82. The company has also scheduled its 51st Annual General Meeting (AGM) on Mangsir 28, 2082, according to an official statement.
Dividend Breakdown and Paid-Up Capital of Soaltee Hotel
The decision was taken during the board of directors’ meeting held on Kartik 11, 2082, which approved the 31.57% dividend distribution for the fiscal year. The dividend proposal includes 16.57894737% cash dividend and 15% bonus shares from the company’s paid-up capital of Rs. 1.02 Arba. This translates into a cash dividend worth Rs. 16,94,14,078, which also covers the tax amount applicable to the bonus shares.
Book Closure and Shareholder Eligibility
The company has announced that the book closure for the proposed dividend and AGM will be on 5th Mangsir, 2082. Shareholders who hold shares prior to the book closure date will be eligible to receive the dividend payout and attend the AGM.
Focus on Shareholder Returns
This move reflects SHL’s commitment to delivering value to its shareholders while maintaining robust growth in the hospitality sector. The combination of cash dividend and bonus shares is expected to provide both immediate returns and long-term value enhancement for investors.
The AGM will also discuss other corporate matters, including financial performance, business strategies, and future growth plans, providing shareholders an opportunity to engage with the company’s management directly. Soaltee Hotel’s proposed dividend stands as a strong signal of financial health and profitability, reinforcing its position as a leading player in Nepal’s hospitality industry.
