Last day to clinch 11% bonus shares of Mission Development Bank; LTP stood at Rs. 358

Today is the last day to grab 11% bonus shares of Mission Development Bank Limited (MIDBL). MIDBL is going to conduct its 7^th Annual General Meeting (AGM) on Ashad 26, 2074 and endorsing 11% bonus share for FY 2072/73 among other agendas. The register of their shareholders will remain closed from Ashad 15 to Ashad 26, 2074 for the purpose of this AGM. Only those shareholders having shares one trading day ahead of the book closure date i.e. within today (Ashad 14, 2074) are eligible for the dividends and for participation in the AGM. MIDBL has earned net profit of Rs 5.60 crore in the third quarter of the FY 2073/74. Its paid up capital after recently floated 100% right share stands at Rs 38.98 crore. After the issuance of this bonus share, its paid up capital will reach Rs 43.26 crore. As per NRB’s directive for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, MIDBL should issue a further capital hike of around Rs 6.74 crore (around 15.60%). Its LTP stood at Rs 358 as of last trading day.