Last day to grab shares of Mahalaxmi Bikas Bank and Mero Microfinance for 17.89% and 31.58% dividend respectively; Book Closure tomorrow

Last day t...

Mahalaxmi Bikas Bank (MLBL) will be convening its 18th Annual General Meeting (AGM) on Kartik 29, 2076 (November 15, 2019) at All in one mart, Crown Banquet, Min Bhawan, Kathmandu from 10 AM onwards.

The major agenda of the AGM is to approve 17.89% dividend worth Rs 50.89 crore. The dividend has been broken down as follows:

Bonus Shares: 8% worth Rs 22.75 crore
Cash Dividend: 9.89% worth Rs 28.14 crore (Including tax amount)
Total Dividend: 17.89% worth Rs 50.89 crore

Similarly, Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) will be convening its 7th AGM on Kartik 29, 2076 (November 15, 2019) at Hotel Water Tower, Nuwakot from 11 AM onwards.

The AGM will endorse the decision to distribute 30% bonus shares worth Rs.19.73 Crore and 1.58% cash dividend (for tax purpose) worth Rs.1.03 Crore to the shareholders out of profits of FY 75/76.

Tomorrow is the book closure of MLBL and MERO, so if you want to attend the AGM and claim dividend, today is the last day to grab its shares from the market.