Jebils Finance proposes 12.5% bonus & 100% right share; Paid up to reach Rs 57.78 crore

Jebils Finance Limited (JEFL) has decided to distribute 12.5 percent bonus share and 100 percent right share to its shareholders. As per the notice published in NEPSE today, the 128^th BOD meeting held on Mangsir 17, 2073 has proposed 12.5 percent bonus and 0.6579 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73.  Also the company has decided to issue 1:1 (100%) rights shares after the issuance of bonus share to their shareholders. The decision is subjected to approval from Nepal Rastra Bank and the finance company’s upcoming Annual General Meeting (AGM). Last year, JEFL had distributed 16.75 percent bonus share to its shareholders. Jebils Finance had earned net profit of Rs 39.78 lakh in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 25.68 crore. After adjustment of 12.5 bonus share, its paid up capital will reach to Rs 28.89 crore. And after the issuance of 100% right share, its paid up capital will reach Rs 57.79 crore.