First Microfinance Laghubitta (FMDBL) Deposits Cash Dividend to Bank Account of its Investors

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) is distributing a 4.18% cash dividend directly to the bank accounts of its shareholders.

The 168th BOD meeting of the company had proposed 9.50% bonus shares worth Rs.7.60 Crore and 4.18% cash dividend worth Rs.3.35 Crore (including tax) out of the profits of FY 76/77 for the shareholders of the company.

The same 4.18% cash dividend is now deposited in the bank accounts, starting from Mangsir 23. It is to be noted that a small portion of this cash dividend is deducted as tax for bonus shares.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the cash dividend will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of FMDBL are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.

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