Deprosc Laghubitta announces 1:1 right share; Paid up capital to reach 51.58 crore

Deprosc Laghubitta Bikas Bank Limited (DDBL) has announced 1:1 (100%) right share to its existing shareholders. The BOD Meeting held today (Chaitra 18, 2072) of the company has proposed 1:1 right to its shareholders The decision is subject to approval from microfinance’s upcoming Special General Meeting (SGM). The microfinance company had provided 50% stock dividend to its shareholders from the net profit it earned in the fiscal year 2071/72. Deprosc Laghubitta had earned net profit of Rs. 8.85 crore in the second quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 25.79 crore. After distributing 100 percent right share it’s paid up capital will rise to Rs 51.58 crore