Mahuli Laghubitta further clarifies on the proposed 31.579% dividend

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) had announced 31.579% dividend for its shareholders for the FY 2075/76. Publishing a notice today, the company has added information regarding the fund's source.

Current paid-up capital: Rs 10.20 crore
Bonus shares: 20% worth Rs 2.04 crore from Share premium (Rs 1.09 crore) and Net profit of 2075/76 (Rs 94.79 lakh)
Cash dividend: 11.579% worth Rs 1.18 crore from the net profit of FY 2075/76
Total dividend: 31.579% worth Rs 3.22 crore

The notice adds that the amount above 20% of the proposed dividend will be separated in Member Protection Fund. The amount to be put in this fund will be 25% of the fund above 20% of the dividend.

The decision is subject to approval from Nepal Rastra Bank and the upcoming AGM of the company.

The existing paid-up capital of Mahuli Laghubitta is 10.20 crore and after the adjustment of bonus shares, the company’s paid-up capital will reach Rs 12.24 crore.