Mahalaxmi Bikas Bank Distributed 6.47% Cash Dividend Directly to Shareholders' Bank Accounts

Mahalaxmi Bikas Bank Limited (MLBL) has distributed 6.47% cash dividends directly to the bank accounts of its shareholders and has urged them to dematerialize their shares.

The company convened its 21st AGM for the FY 2078/79 on Poush 29, 2079. The company endorsed a 10.47% dividend for FY 2078/79. The 548th meeting of the board of directors held on Poush 01 decided to distribute the dividend of 10.47% of the Fiscal Year 2078/79. Likewise, a cash dividend of 6.47% and bonus shares of 4% were proposed from the paid-up capital of Rs. 4.01 Arba. 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, they should present a No Objection Letter from their lending institution to receive the dividend.

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