Mount Makalu Dev Bank declares 16% bonus share; paid up to reach Rs 2.32 crore

Mount Makalu Development Bank Limited (MMDBL) has decided to distribute 16 percent stock dividend to its shareholders. As per the notice published in NEPSE today, the development bank’s 117^th BOD meeting has proposed 16 percent bonus share and cash dividend Rs. 2, 18,947.37 (for tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). MMDBL had distributed 30% bonus share to its shareholders in FY 2071/72. Mount Makalu Dev Bank has earned net profit of Rs 39.87 lakh in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 2 crore. After adjustment of 16% bonus share distribution, its paid up capital will reach to Rs 2.32 crore.