Guheswori Merchant Banking & Finance Amends the Dividend Rate of the Fiscal Year 2078/79

From the 245th meeting of the board of directors of Guheswori Merchant Banking & Finance Limited (GMFIL) held on Poush 5, the company had decided to distribute dividend of 7.37% for the fiscal year 2078/79.

The current paid up capital of the company is Rs. 95.04 Crores. From the paid up capital, the company had proposed 7% bonus dividend worth Rs. 6.65 Crores and 0.37% cash dividend (tax purpose) worth Rs. 35.01 Lakh for the fiscal year 2078/79.

However, the financial statement was subjected for approval from Nepal Rastra Bank. Likewise, in accordance with instructions from Nepal Rastra Bank to adjust the regulatory fund and submit the financial report again, the company has decided to distribute a 6.50 percent bonus dividend to the shareholders and a 0.34 percent cash dividend (bonus share tax purpose) as of the 246th meeting of the board of directors, which was held on Monday, Poush 11.

Furthermore, Nepal Rastra Bank approval is also required for the amended dividend rates.