Manakamana Smart Laghubitta (MKLB) Urges Shareholders to Pay Tax on Bonus Shares

Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has urged its shareholders to pay the tax amount for 17% bonus shares.

The 4th AGM of the company held on 19th Poush, 2078 endorsed a 17% dividend for the fiscal year 2077/78. The 66th meeting of the board of directors held on Kartik 16 decided to distribute the entirety of the dividend in bonus shares. The paid-up capital of the company during dividend distribution was Rs. 12,11,50,000. Thus, the bonus shares are worth slightly over Rs. 2.5 crores.

Since the company had started a joint operation with Smart Laghubitta on Shrawan 11, 2077 last year, the company has received tax exemption on the dividend proposal. However, shareholders who bought the shares of the company after the joint operation commencement date will have to pay the tax amount on the dividend proposed.

The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NMB Capital.

The tax amount should be paid to the following account while mentioning the shareholder's BOID, Name, and phone number/ email:

Bank: NMB Bank, Bhairahawa Branch
Name: Manakamana Smart Laghubitta Bittiya Sanstha Limited
Account Number: 0780066128300012

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