Deprosc Laghubitta declares 52.63% dividend; Paid up to reach Rs 60.50 crore

Deprosc Laghubitta Bikas Bank Limited (DDBL) has decided to distribute 35 percent stock and 17.63 percent cash dividend to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s BOD meeting held on Poush 13, 2073 has proposed 35 percent bonus share and 17.63 percent cash dividend (including tax purpose) to its shareholders from the net profit it earned in FY 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). DDBL had distributed 50 percent bonus share to its shareholders from the profit it made in the fiscal year 2071/72. Deprosc Laghubitta has earned net profit of Rs 6.93 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital remains at Rs 25.79 crore. It had also endorsed 100% right share in its Special General Meeting (SGM) held on Ashad 15, 2073. After the issuance of 35 percent bonus and 100 percent right share the paid up capital will rise to Rs 60.50 crore.