Lumbini Bikas Bank Distributed 9% Cash Dividend Directly to Shareholders' Bank Accounts

Lumbini Bikas Bank Limited (LBBL) has distributed a 9% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.

The company convened its 15th AGM for the FY 2078/79 on 26th Poush, 2079. The company endorsed a 12% dividend for FY 2078/79. The company's 435th meeting of the board held on 2nd Mangsir 2079 proposed a 12% dividend from the paid-up capital. The paid-up capital of the company stands at Rs. 3.28 Arba. 3% bonus shares worth Rs. 9.85 crores and 9% cash dividend (including tax) worth Rs 29.55 crores were proposed. The same cash dividend has now been distributed.

Also, the company has urged the shareholders to dematerialize their shares if they haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date should present a No Objection Letter from their lending institution to receive the dividend.

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