Laxmi Bank (LBL) Declares Book Closure Date for 11.5% Dividend, AGM Called on Poush 08

Laxmi Bank Limited (LBL) has called its 21st AGM on Poush 08. The meeting will be held in Agrawal Bhawan, Kamalpokhari, Kathmandu, starting at 2 pm that day.

Among other agendas, the AGM will endorse an 11.5% dividend for the fiscal year 2077/78. The 249th meeting of the board of directors held on Kartik 25 decided to distribute 8% bonus shares and 3.5% cash dividend on the paid-up capital. The bonus shares are thus worth 8,556,551.89 units and the cash dividend is worth Rs. 374,349,145. The cash dividend also includes the tax amount for bonus shares.

Mangsir 24 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM. LBL closed at Rs. 302.60 yesterday.