Samudayik Laghubitta revises bonus declaration; Proposed Bonus down from 34.45% to 32%
Thu, Oct 31, 2019 12:12 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Samudayik Laghubitta Bittiya Sanstha (SLBSL) has revised its proposed dividend for its shareholders after receiving a comment from Nepal Rastra Bank (NRB).
SLBSL had previously proposed bonus shares of 34.45% of its current paid-up capital with 1.81% cash dividend for tax purposes from the profit of FY 2075/76. This has been revised to the following:
Current paid-up capital: Rs 10 crore
Bonus shares: 32% worth Rs 3.20 crore
Cash dividend: 1.68% worth Rs 16.84 lakh for tax purposes
Total dividend: 33.68% worth Rs3.36 crore
Right shares: 2:1 (50%) of paid up capital.
The proposal is subject to approval from the NRB and the upcoming AGM of microfinance.
