Kalika Laghubitta (KMCDB) Urges Shareholders to Pay Tax on 13% Bonus Shares

Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has urged its shareholders to pay the tax amount for 13% bonus shares.

The company's recent AGM endorsed a 13% dividend for FY 2077/78, entirely in bonus shares. The bonus shares are worth slightly over Rs. 3.59 crores. The paid-up capital of the company during dividend distribution was Rs 27.68 crores.

Shareholders maintained before the joint operation after the merger between Janasewi Laghubitta and Kalika Laghubitta have received tax exemption on the bonus shares. Meanwhile, shareholders who bought the shares of Kalika Laghubitta after they commenced their joint operation (2076 Poush 23) should pay the tax amount on the dividend.

The exact tax amount to be paid can be known via the share registrar NMB Capital's official website. https://www.nmbcl.com.np/

Furthermore, investors who have taken margin loans against the shares of the company are required to present a No Objection Letter or a Release Letter to claim the dividend, depending on when they took the loan.

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