Mahuli Samudayik Laghubitta announces impressive 60% dividend & 50% right shares; Paid up to reach Rs 9 crore

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) has announced dividend and right shares to its shareholders. As per the notice published in NEPSE today, the board meeting of the microfinance company held on Ashwin 21, 2074 has announced 50% bonus shares with 10% cash dividend (including tax) from the net profit it had earned in the FY 2073/74 and the company has also propose 50% right shares. The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM. The microfinance company's current paid up capital stands at Rs 4 crore. After distribution of 50% bonus and right shares, it will reach to Rs 9 crore. It had earned Rs 4.36 crore in the FY 2073/74, registering an EPS of Rs 107.92. The microfinance company had announced 25% bonus and 10% cash dividends from the net profit of FY 2072/73 was cancelled. Its LTP stood at Rs 1,658 as of last trading day.