Gurans Laghubitta amends its dividend proposal; Proposes 7.6% bonus worth Rs 59 lakh

Gurans Laghubitta Bittiya Sanstha (GLBSL) has published a notice today regarding the amendment in its proposed dividend to be distributed to the shareholders.

The Microfinance had initially proposed 8.387% bonus shares and 0.411% cash dividend (for tax) for its shareholders from the accumulated profit till 2075/76. However, after receiving the suggestion from Nepal Rastra Bank (NRB), the following amendment has been made:

Paid-up capital: Rs 7.75 crore
Bonus shares: 7.6129% worth Rs 59 lakh
Cash dividend: 0.4007% worth Rs 3 lakh 10 thousand 526 for tax purposes
Total dividend: 8.0136% worth Rs 62,10,526
Paid-up capital after adjustment: Rs 8.34 crore

The proposal is subject to approval from the upcoming AGM of the company.