Kathmandu. Nepal Lube Oil Company has declared a dividend on its shares.

The meeting of the Board of Directors of the company held on September 18 has proposed to provide 21.05264 percent dividend to the shareholders from the profit of the last FY.

This includes 20% bonus share and 1.05264% cash dividend including tax.

The company has called its 34th Annual General Meeting (AGM) on October 14. The meeting will be held at The Plaza, Pulchowk, Lalitpur.

The company has proposed to issue 200% right shares, amend the Memorandum of Association and Articles of Association and appoint directors on behalf of the general shareholders.

The company will be closing the book from September 12 to October 14 for the purpose of the meeting. The shareholders who are in power till September 9 will receive the dividend fixed by the company.