Kathmandu. Himalayan Distillery Limited is going to distribute a total of 70 percent dividend from the profit of last financial year 078/79. The meeting of the board of directors of the company on November 9 has decided to give 60 percent bonus shares and 10 percent cash dividend for tax purposes based on the current paid-up capital.

At present the paid up capital of the company is Rs. 1 billion 51 crore 84 lakh 79 thousand. The shareholders will receive the dividend proposed by the board of directors after it is passed by the upcoming 22nd annual general meeting of the company. The company informed that the meeting of the board of directors on November 9 decided to hold the 22nd annual general meeting on December 27 at the company's registered office in Birgunj.

For the purposes of the said meeting, the company has decided to close the books on January 20th. Only the shareholders who have remained till January 19th on the previous business day of the book closing will be able to receive the company's dividend and participate in the meeting.

The company which distributed 100% dividend last year is going to distribute 30% less dividend this year. Last year, the company distributed 75 percent bonus shares and 25 percent cash dividend for tax purposes.