Last day to grab 30.12% bonus shares of Excel Development Bank; LTP at Rs 490

Today is the last day to grab dividend of Excel Development Bank Limited (EDBL). EDBL has announced 30.12% bonus shares and 1.58% cash dividends from the net profit of FY 2073/74. The book closure date has been set form Mangsir 5 to Mangsir 17, 2074. Thus only those shareholders holding share till today (Mangsir 4, 2074) i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend. The AGM will held on Mangsir 17, 2074. Last year, EDBL had distributed 25% bonus share to its shareholders from the profit it made in the fiscal year 2072/73. Excel Development Bank has earned net profit of Rs 3.15 crore in the first quarter of the fiscal year 2074/75 as per its unaudited report. Its paid up capital remains at Rs 38.45 crore. After distribution of 50% right shares, it will reach Rs 57.67 crore and after 30.12% bonus share distribution, its paid up capital will reach to Rs 69.26 crore. As a 1-3 district level development bank, EDBL had to increase its paid up capital to Rs 50 crore as per NRB’s directive.