Nepal Investment Bank declares 15% bonus share & 25% cash dividend; Who is responsible for earlier mistake in NEPSE?

Nepal Investment Bank Limited (NIB) has decided to distribute dividend for to its shareholders. As per the notice published in NEPSE today, the BOD meeting held on Bhadra 21, 2074 has proposed 15 percent bonus share and 25 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2073/74. But as per the earlier notice published in NEPSE, 25% bonus shares and 15% cash dividend was proposed. After which price rises to Rs 805 from Rs 757 (around 6%). Thus investors who had bought at high price may suffer a lot of loss as number of traded shares are also high. Thus main questions is that for these kind of mistakes who is responsible? Concerned authority must take necessary action against the mistake to relief investors as soon as possible. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Last year, NIB had distributed 20 percent bonus share and 21 percent cash dividend to their shareholders. It’s paid up capital remains at Rs 9.24 arba in fourth quarter of last fiscal year and after distributing 15 percent bonus share, paid up capital will reach to Rs 10.62 arba. It  has earned net profit of Rs 3.16 arba in the fourth quarter of last fiscal year 2073/74 as per unaudited report. Its last traded price stood at Rs 757 as on September 4, 2017.