Mahalaxmi Bikas Bank distributes 8% bonus shares directly to demat accounts of shareholders; urges dematerialization of holdings

Thu, Feb 13, 2020 12:55 PM on Dividend, Bonus & Rights, Latest,

Mahalaxmi Bikas Bank Limited (MLBL) is distributing the bonus shares for FY 75/76 directly to the demat accounts of the shareholders.

The 18th AGM of the development bank had endorsed distribution of 8% bonus shares out of the profits of FY 75/76 for the shareholders. The proposed bonus share has already been distributed directly to the demat accounts of the shareholders as per the notice published.

For this purpose, the company has urged its shareholders to dematerialize their holdings. For further information, share registrar Siddhartha Capital Limited can be contacted.