NADEP Laghubitta (NADEP) Announces 10.526% Dividend for FY 2078/79

NADEP Laghubitta Bittiya Sanstha Limited (NADEP) has proposed a 10.526% dividend for the fiscal year 2078/79.

The meeting of the board of directors held on Magh 18 decided to distribute the dividend on the paid-up capital of Rs. 48.57 crores. 10% bonus shares and 0.526% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 4.85 crores and the cash dividend is worth a little over Rs. 25.56 lakhs.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. NADEP closed at Rs. 784 yesterday.

Previously, the Chitwan-based Deprosc Laghubitta (DDBL) signed an initial agreement to acquire Dhading-based Nadep Laghubitta on Poush 15, 2077. However, the disagreement in share ratio and employee structuring has led the companies to ditch the merger agreement.

Past Dividend History: