Infinity Laghubitta proposes 10% bonus share and 5.79% cash dividend; Capital post adjustment will reach Rs 22.81 crore

Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has proposed 10% percent bonus share worth Rs.2.07 crore and 5% of cash dividend and 0.79% for tax purposes to its unit shareholders.

As per the notice published on Nepal Stock Exchange, the BOD meeting of the company held on Bhadra 30,2076 has proposed Rs.2,07,40,000 bonus share (10%) and Rs.1,03,70,000 cash dividend (5%) to its shareholders along with 0.79% cash worth Rs.16,37,368.42 for tax purposes.

The company has proposed a total of 15.79% dividend worth Rs.3,27,47,368.42. The decision is subjected to approval from NRB and its annual general meeting.

The paid-up capital of the company stands at Rs 20.74 crore, which after the adjustment of bonus will reach Rs 22.81 crore.