Mega Bank urges investors to collect uncollected cash dividend; pending to be transferred in Investors Conservation Fund

Mega Bank Limited (MEGA) has urged its shareholders to collect cash dividends provided by the bank. The bank has urged investors to collect their uncollected cash dividends, Initial Public Offering (IPO) refund amount till Poush 1, 2073 at the bank’s share registrar Nabil Investment Banking Limited, Naksal Kathmandu. Also, shareholders of Former Paschimanchal Development Bank can collect their uncollected cash dividends from the same registrar office. As per the company rule, the cash dividend will be transferred in Investors Conservation Fund if the uncollected dividend due surpasses 5 years. Afterward, the cash dividend will not be provided to the investors. Also, shareholders of Former Paschimanchal Development Bank can collect their uncollected cash dividends from the company’s share registrar Nabil Investment Banking Limited. Recently, Mega Bank has proposed 13.25 percent bonus and 65 percent right share to its shareholders. Mega Bank has earned net profit of Rs 14.69 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 3.24 arba. After adjustment of 25 percent right share, its paid up capital will reach to Rs 4.05 arba. And after the distribution of 13.25 percent bonus and 65 percent right share, its paid up capital will reach Rs 7.56 arba.