Guheswori Merchant Banking and Finance announces 15% stock dividend

Guheswori Merchant Banking and Finance Limited (GMFIL) has decided to distribute 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders. The 158th BOD Meeting of the company held on Ashwin 28 has proposed 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71,Guheswori finance had distributed 23.75 percent bonus share to their shareholders Guheswori had earned net profit of Rs 5.04 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 25.53 crore. After distributing 15 percent bonus share it’s paid up capital will rise to Rs 29.35 crore.