Infinity Laghubitta Urges Shareholders To Pay Tax For 20% Bonus Shares

Wed, May 24, 2023 11:08 AM on Latest, Dividend, Bonus & Rights,

Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has urged its shareholders to pay the tax amount for 20% bonus shares.

The company endorsed a 20% bonus share for the fiscal year 2078/79 through its 6th AGM on 13th Falgun. The meeting of the board of directors held on Poush 30 decided to distribute 20% bonus shares worth Rs. 8,29,02,656.95 from its paid-up capital of Rs. 41.45 crores.

The bonus shares have already been listed in NEPSE. Therefore, shareholders who were maintained before the book closure date i.e. Falgun 02 will have to pay the tax amount on the dividend proposed.

The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar Sunrise Capital

The tax amount should be paid to the following account while mentioning the shareholder's account number, name, and phone number/ email:

Bank Name: Sunrise Bank Limited
Account Name: SRCL INFINITY BONUS TAX 078.09
Account Number: 0690371114701033

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution to receive the dividend.