Muktinath Krishi Company Declares 8% Bonus Shares and 0.42% Cash Dividend; Plans 60% Right Shares Issue

Muktinath Krishi Company Limited (MKCL) has announced the proposal to distribute an 8% bonus share and a 0.42% cash dividend to its shareholders.

The company’s Board of Directors meeting held on 24th Ashwin 2082 at 3:30 PM decided to distribute an 8.42% dividend worth Rs. 5.89 Crores from the paid-up capital of Rs. 70 Crores. The bonus shares, amounting to Rs. 5.59 crore, and the cash dividend, totaling Rs. 29,47,000, will be distributed. The cash portion will be used for tax purposes on the bonus shares.

Following the issuance of the bonus shares, the company plans to issue rights shares in a 1:0.60 ratio, i.e. 60% based on the adjusted paid-up capital, which will reach to Rs. 75.59 Crores.

The proposal will be presented for final approval at the company’s upcoming Annual General Meeting, which will be held on the 21st of Kartik, 2082, at Silver Oak Banquet, starting from 11:30 AM that day. The book closure date is declared on Kartik 14. Thus, investors maintained before that day are entitled to the dividend payout and can also attend the AGM.