Dividend of CBBL, LBBL, and NICA Distributed; Did You Get Yours?

Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has distributed a 29% dividend for the fiscal year 2076/77.

The latest AGM of the company had endorsed 22% bonus shares and 7% cash dividend from the paid-up capital for the fiscal year 2076/77. The dividend is distributed from the paid-up capital of Rs. 1,50,00,00,000. Thus, the bonus shares amounting to Rs. 33,00,00,000 and cash dividend amounting Rs. 10,50,00,000 is distributed. The same cash dividend is now distributed to bank accounts of investors.

Similarly, Lumbini Bikas Bank Limited (LBBL) has distributed a 10% dividend for the fiscal year 2076/77.

The latest AGM of the company had endorsed a 7% bonus shares and 3% cash dividend from the paid-up capital for the fiscal year 2076/77. The paid-up capital of the company before dividend distribution was Rs. 2,71,63,11,728.55. The same cash dividend will be distributed in bank accounts of investors.

For both the companies, investors who have a Demat account but have not received the cash dividend should authorize their bank details on their Demat account to get the dividend.

Meanwhile, investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.

Furthermore, NIC Asia Bank Limited (NICA) has distributed 19% bonus shares to Demat accounts of investors. The shares are already listed in NEPSE. The AGM of the bank had endorsed a 20% dividend worth Rs 1.94 Arba for the fiscal year 2076/77. The bank had proposed 19% in bonus shares whereas 1% as cash dividend for tax purposes. The same bonus shares are now deposited in Demat accounts.

The bank has requested investors to dematerialize their shares if they have not done so yet. Furthermore, if investors had taken a loan against shares of the bank till Mangsir 09, their shares are frozen under the lending institution's account. Such investors will have to make the necessary settlement in order to receive the bonus shares.