NEPSE Resumes Share Trading of Mahuli Laghubitta (MSLB), Mahila Laghubitta (MLBSL) and Salt Trading Corporation (STC)

Nepal Stock Exchange (NEPSE) has released an official circular in relation to the resume of secondary market securities transaction of Mahuli Laghubitta Bittiya Sanstha Limited (MSLB), Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) and Salt Trading Corporation Limited (STC).

Previously, the transaction of MSLB, MLBSL and STC was stopped because the companies declared the dividend of the Fiscal year 2078/79 during business hours of Nepal Stock Exchange (NEPSE).

In accordance with the provisions of the Securities Listing Regulations, 2075, the officials of these companies did not provide information in accordance with Regulation 22(1) and held a meeting during the trading hours on the same day, depriving the general public of sensitive information and information related to the securities transactions and prices, thereby affecting the price of the securities.

Mahila Laghubitta has proposed a 50% dividend worth Rs. 7.37 crores for the fiscal year 2078/79. Whereas, Mahuli Laghubitta has proposed a 25% dividend for the fiscal year 2078/79. Also, the BOD meeting of STC held on Poush 28 at 8:30 AM proposed a 15% dividend from the profits of FY 78/79 for shareholders.