Kamana Sewa Bikas Bank distributing 8% cash dividend and 1.5% Bonus share right from today

As per the notice published by NMB Capital Limited, the share register company of Kamana Sewa Bikas Bank Limited (KSBBL), cash dividend will be deposited directly to the shareholder’s bank account mentioned in the DEMAT account. In addition, those who had not dematerialized shares till the book closing date during annual general meeting are urged to dematerialize their shares. Cash dividend will be deposited gradually after the dematerialization. Institutional shareholders will receive cash dividend right from today.

Additionally, those who bought share before 2074 Shrawan 20 will not be liable to pay tax as per Income Tax Act, 2058. Given that, Kamana Bikas Bank Limited and Sewa Bikas Bank Limited merged together on that date. However, remaining other shareholders will be liable to pay tax.

The cash dividend will be deposited to those who have taken loan till 2076 Jestha 31, by collateralizing the shares of KSBBL, only after getting no objection letter from respective BFIs. Shareholders who repaid their loan after that date will be paid cash dividend after getting Release letter from respective BFIs.