The distillery informed NEPSE about the dividend proposed by its board of directors on November 22 whereas the BOD meeting was held on November 15. The meeting proposed 21.05 percent cash dividend to its shareholder.
As the company delayed the dividend information for one whole week, NEPSE suspended the share trading speculating insider trading during the period.
According to NEPSE, the share trading has been resumed after the investigation of share transaction in-between the meeting and the announcement.
"NEPSE has warned the company to avail any information timely that can affect the market price of the stock," said Murahari Parajuli, Spokesperson of the NEPSE.
Himalayan Distillery is closing its book on November 30, thus, shareholders registered in the book by November 29 will be eligible to participate in the AGM and acquire the proposed dividend.
Presently, the company has paid-up capital of Rs 413 million. It earned a net profit of Rs 24.6 million in the first quarter of the FY 2074/75.
