Citizen investment trust endorses 22% bonus shares from the profit of FY 2074/75; Proposal pending approval from AGM

  • -ShareSansar
Wed, Mar 13, 2019 1:10 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Citizen in...

Citizen Investment Trust (CIT) has published a notice today to inform about the decision made at the company's Board Meeting. According to the notice, the company has endorsed 22% bonus shares (worth Rs 24 crore 25 lakh 17 thousand and 434) along with 1.16% cash dividend (worth Rs 1 crore 27 lakh 64 thousand and 77) for tax purposes.

The endorsement will be presented in the coming Annual General Meeting (AGM) for approval.

It has paid up capital of Rs 1.10 arba currently. After the adjustment of the bonus shares it will reach Rs 1.34 arba.

CIT has made a total investment of Rs 1.07 kharba in the various sector as of second quarter of FY 2075/76. In FY 2073/74, also, CIT had distributed the same dividend to its shareholders.