Mahila Laghubitta (MLBSL) Amends Dividend, Even More Bonus Shares Proposed

Fri, Oct 22, 2021 11:11 AM on Latest, Dividend, Bonus & Rights,

Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has amended its dividend proposal for the fiscal year 2077/78. The company had previously proposed a 50% dividend.

The 35th meeting of the board of directors held on Ashoj 22 had decided to distribute the dividend on the paid-up capital of Rs. 10 crores. 45% bonus shares worth Rs 4.5 crores and 5% cash dividend (including tax) worth Rs 50 lakhs was proposed. This would have been the company's first dividend.

However, issuing a new notice today, the company has amended its dividend proposal to 47.5% bonus shares and 2.5% cash dividend. Now, the bonus shares are worth Rs. 4.75 crores and the cash dividend is worth Rs. 25 lakhs.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, MLBSL has an LTP of Rs. 4,905.