Nepal Lube Oil holds 31st AGM

KATHMANDU: Nepal Lube Oil Ltd has recently held its 31st annual general meeting (AGM). Despite the volatile economic situation, the company has been able to maintain steady year-on-year growth. The company approved the distribution of a 30% dividend (25% bonus+5% cash) to its shareholders through the meeting. The outstanding performance of the company and the dividend were highly applauded by the shareholders present at the AGM. The meeting was attended by the company Chairman Arun K Chaudhary, Board Members, the company secretary, Auditor, the Management team, and the shareholders. A total of 81.25% of shareholders attended the meeting. Addressing the meeting, Chairman Chaudhary said, "Nepal Lube oil, like last year, maintained steady growth even during this difficult economic situation. The management and other team members are well committed to the growth of this company. We will never disappoint the belief shown and given by the shareholders" Shareholders including Damaru Ballav and Guna Raj Bhatta shared their excitement during the programme. Nepal They shared, "Lube Oil is a role model to other limited companies. The company is providing high bonuses regularly to the shareholders." They said that they were proud to be associated with this company. Nepal Lube Oil, with direct guidance and partnership from Gulf Lubricant International, produces and distributes Gulf Lubricants in Nepal. Gulf Lubricant is one of the leading lubricant brands in the country with the highest market share and a wide product range catering to different automobile segments. READ ALSO:

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