Bonus Shares of ALBSL Transferred to Demat Accounts, FOWAD's Cash Dividend Deposited to Bank Accounts

Sun, Jan 23, 2022 10:36 AM on Latest, Dividend, Bonus & Rights,

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has distributed a 25% bonus share directly to Demat accounts of its shareholders and urged them to dematerialize their shares.

Asha Laghubitta convened its 5th AGM for the FY 2077-78 under the leadership of its chairman Mr. Nirgun Prasad Bhattachan on Kartik 29, 2078. Apart from the regular financial reports, the AGM endorsed the board’s proposal to provide 25% bonus shares and 1.31% cash dividend to its shareholders for the fiscal year 2077/78.

The same bonus shares are now deposited to Demat accounts. These 6,67,828 unit shares have already been listed in NEPSE.

Similarly, Forward Laghubitta Bittiya Sanstha Limited (FOWAD) has started distributing 7% cash dividend directly to bank accounts of its shareholders from 9th Magh.

The 9th AGM of the company held on 30th Poush, 2078 endorsed a 42% dividend for the fiscal year 2077/78. The 112th meeting of the board of directors held on Mangsir 21 decided to distribute the dividend on the paid-up capital of Rs. 62.55 crores. 35% bonus shares worth Rs. 21.89 crores and a 7% cash dividend (for tax purposes) worth Rs. 4.37 crores were proposed.

The same cash dividend is now being distributed.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the dividend of the two companies will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the companies are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.