Jyoti Bikas Bank and Nepal Lube Oil Distributed Bonus Shares to Demat Accounts of Shareholders

Jyoti Bikas Bank Limited (JBBL) has distributed 3% bonus shares directly to the DEMAT account of its shareholders respectively and urged them to dematerialize their shares.

The bank convened its 15th AGM on 14th Falgun and endorsed a 6.80% dividend worth Rs. 29.02 crores for the fiscal year 2078/79. The 440th meeting of the board of directors held on Poush 22 decided to distribute the dividend on the paid-up capital of Rs. 4,26,77,53,287. 3% bonus shares worth Rs. 12.80 crores and 3.80% cash dividend (for tax purposes) worth slightly over Rs. 16.21 crores were proposed. Note that the bonus shares are already listed in NEPSE.

Also, the bank has urged its shareholders to pay the tax amount for the 11% bonus shares proposed for FY 2077/2078 including the cash dividend passed by the 15th AGM. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

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

Bank Name: Jyoti Bikas Bank Limited
Account Name: DIVIDEND TDS COLLECTION
Account Number: 2604020000001

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Nepal Lube Oil Limited (NLO) has distributed 25% bonus shares directly to the DEMAT account of its shareholders respectively and urged them to dematerialize their shares.

The company convened its 31st AGM for the FY 2078/79 on 28th Ashwin, 2079. The AGM endorsed a 30% dividend for the fiscal year 2078/79. The board of directors meeting on Ashwin 04 decided to distribute the dividend on the paid-up capital of Rs. 38,859,900. 25% bonus shares worth Rs. 97.14 lakhs and 5% cash dividend worth Rs. 19.42 lakhs were proposed. Note that the bonus shares are already listed in NEPSE.

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