Last day to grab shares of NIC Asia and Kumari Bank to be eligible for dividend; 10% bonus from both and extra 11% cash dividend from NIC Asia

NIC Asia Bank (NICA) has proposed 10% bonus shares worth Rs.88.34 Crore and 11.0526% cash dividend worth Rs.97.64 Crore (including tax) for the shareholders from profits of FY 75/76.

The authorized capital will be increased to Rs.9.72 Arba and the paid-up capital will increase to Rs.9.71 Arba after the adjustment of bonus shares

Kumari Bank (KBL) has also proposed 10% bonus shares and 0.526% cash dividend (for tax purposes) for its shareholders from the profit of FY 2075/76. The paid-up capital of the company after the adjustment of the bonus share will be Rs 955.35 crore.

The book closure date for both the banks is on Bhadra 29, 2076 (Sunday). Since today is the last trading day before Sunday, the shareholders maintained in the books today will be eligible to participate in the AGM and receive the dividend. 

NICA 22nd AGM is schedule to happen on 10th Ashwin, 2076; whereas, KBL 19th AGM is on 11th Ashwin, 2076.