Cosmos Dev. Bank announces 23.60% stock dividend; Paid up capital to reach Rs 12.43 crore

Cosmos Development Bank Limited (CSDBL) has decided to distribute 23.60 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held today (Ashwin 20, 2073) has proposed 23.60 percent bonus share and 1.24 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 subjected to approval from Nepal Rastra Bank and the development bank’s upcoming Annual General Meeting (AGM). Last year, CSDBL had distributed 15% bonus share and had also issued 100% right share to its shareholders. Cosmos Development Bank has earned net profit of Rs 1.53 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 5.03crore. After adjustment of 100% right share issued on Shrawan 11, 2073 and distribution of 15% bonus share the paid up capital will reach to Rs 12.43 crore