Last day to clinch 26.32% & 18% dividend of Laxmi Laghubitta & Deva Bikas Bank respectively

Today is the last day to secure 10% bonus shares and 16.32% cash dividends of Laxmi Laghubitta Bittiya Sanstha Limited (LLBS). The book closure date for the AGM has been set from Kartik 23 to Mangsir 3, 2074. Only those shareholders holding their shares till today (Kartik 22, 2074) i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend. It will be conducting its 6^th Annual General Meeting (AGM) on Mangsir 3, 2074. The AGM is going to be held at Agrawal Bhawan, Kamalpokhari, Kathmandu at 11:00 AM. Laxmi Laghubitta has earned net profit of Rs 2.51 crore in the first quarter of the fiscal year 2074/75 as per unaudited report. It’s paid up capital stands at Rs 22 crore. After distribution of 10% bonus share, the paid up capital will reach to Rs 24.2 crore. Today is also the last day to secure 17.1% bonus shares and 0.9% cash dividend (for tax purpose) of Deva Bikas Bank Limited (DBBL). The book closure date for the AGM has been set from Kartik 23 till Kartik 29, 2074. Thus, only those shareholders owning their shares till one day ahead of the book closure date, i.e. till today (Kartik 22, 2074) are eligible to participate in the AGM and proposed dividends. Deva Bikas Bank has earned net profit of Rs 28.94 crore in the fourth quarter of the FY 2073/74. Its paid up capital currently stand at Rs 1.44 arba and after issuance of 17.1% bonus share its capital will reach Rs 1.69 arba. Recently, DBBL has signed an agreement to acquire Sarlahi-based Sahara Bikas Bank Limited (SHBL). With this acquisition, Deva Bikas Bank is now acquiring a total of 3 BFIs. Deva Bikas Bank is also under process for acquiring Union Finance and Sajha Bikas Bank. After acquiring Union and Sajha, Deva Bikas Bank, as a national-level development bank, should increase its paid up capital to Rs 2.50 arba by the end of FY 2073/74. Share swap ratio of Deva, Sajha and Union is 100:100:50. After joint transaction with Sajha Bikas Bank and Union Finance, its paid up capital will reach to Rs  1.88 arba. Moreover, DBBL has already endorsed 40% further right share issue, after which paid up will reach to Rs 2.63 arba. (shareholder of Sajha and Union are also eligible for 40% right share)