Nesdo Sambridha Laghubitta (NESDO) Proposes 73.68% Dividend for FY 2078/79

Sun, Mar 26, 2023 10:45 AM on Dividend, Bonus & Rights, Latest,

Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has proposed a 73.6842105255% dividend for the fiscal year 2078/79.

The 77th meeting of the board of directors held on Chaitra 09 decided to distribute the dividend on the paid-up capital of Rs. 25.50 crores. 50% bonus shares and a 23.6842105255% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 12.75 crores, and the cash dividend is worth Rs. 6.03 crores. The cash dividend has been proposed for the tax amount on bonus shares. This is the first dividend ever proposed by the company.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, NESDO has an LTP of Rs. 2,440.