Taragaon Regency Hotel Limited (TRH) has announced a dividend distribution to its shareholders from the profits earned in the last financial year. The hotel company's Board of Directors, in a meeting held on Mangsir 22, has proposed a 5% cash dividend (tax-exclusive) to its shareholders.
Key Details:
- Dividend Rate: 5% cash dividend (before tax deduction).
- Approval Authority: The proposal will be presented for endorsement at the company's upcoming Annual General Meeting (AGM).
- Distribution: The dividend will be distributed to eligible shareholders only after it is formally approved by the AGM.
Next Steps for Shareholders:
Eligible shareholders (those on the company's record books before the announced book closure date) can expect to receive the dividend following the conclusion of the AGM and completion of the subsequent administrative process.
This move reflects the company's financial performance and its commitment to sharing profits with its investors.