Kalika Laghubitta Urges Shareholders to Pay Tax on 10% Bonus Shares

Kalika Laghubitta Bittiya Sanstha Limited has urged its shareholders to pay the tax amount for 9.73% bonus shares.

The 10th and 11th AGM of the company held on 7th Baisakh, 2078 endorsed a 10% dividend for the fiscal year 2076/77. The 197th meeting of the board of directors held on Falgun 20 had decided to distribute the entirety of the dividend in bonus shares.

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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