Guheswori Merchant Banking & Finance proposes 15.80% bonus shares; Paid up to reach Rs 80 crore

Guheswori Merchant Banking & Finance Limited (GMFIL) has proposed dividend to its shareholders. As per the notice published in NEPSE today, the board meeting of GMFIL held on Poush 5, 2074 has proposed 15.80% bonus shares of worth Rs 10.91 crore from the net profit of FY 2073/74. The decision is subjected to the approval from the concerned authority and upcoming AGM. After issuance of 40 percent right share and 15.80%, the paid up capital will reach to Rs 80 crore from existing Rs 49.34 crore. The bank has authorized capital of Rs 80 crore. Its public-promoter share structure stands at 51:49 ratios. GMFIL has earned net profit of Rs 1.59 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 184 as of last trading day.