Bhargav Bikas Bank declares 20% stock dividend; Paid up capital to reach Rs 14.4 crore

Bhargav Bikas Bank Limited (BHBL) has decided to distribute 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Kartik 6 has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). In the fiscal year 2071/72 also, BHBL had distributed 20% bonus share to its shareholders. BHBL has earned net profit of Rs. 2.58 crore in the fourth quarter of last fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs. 12 crore. After distributing 20 percent bonus share it’s paid up capital will rise to Rs. 14.4 crore.