Janautthan Samudayic proposes 20% bonus shares for the shareholders; Paid-up capital to reach Rs 6.33 crore after bonus and right share adjustment

Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has proposed 20% bonus shares for the FY 2074/75.

As per the notice published in NEPSE, the microfinance company 10% bonus shares on the adjusted capital after right shares while the bonus will still accounts for 20% of the current paid up capital. The company is yet to issue the right shares for the shareholders. 

The shareholders will receive Rs 57.60 lakh worth of bonus shares and Rs 3.03 lakh as cash for tax purpose.

Earlier, on the 7th AGM of the company, it has endorsed 100% Right Share of Rs 2.88 crores. 

After the adjustment of the 20% bonus shares and 100% right share, the current Rs 2.88 crore paid-up capital of the microfinance company will reach Rs 6.33 crore.

The decision of the BOD of the microfinance company is subject to approval from the upcoming AGM and Nepal Rastra Bank.