NMB Microfinance announces 25% bonus shares; Paid up capital to reach Rs 14.08 crore

NMB Microfinance Bittiya Sanstha Limited (NMBMF) has proposed 25 percent bonus shares to its shareholders from the profit it made in FY 2073/74. As per a notice published in Nepal Stock Exchange Limited (NEPSE) today, the BOD meeting of the company held on Shrawan 29 has decided to propose 25% stock dividend and 1.3158% cash dividend (for tax purpose) to its shareholders. However, the decision is subjected to approval from Nepal Rastra Bank (NRB) and its upcoming Annual General Meeting (AGM). Last year, NMBMF had distributed 25 percent stock dividend to its shareholders from the net profit it earned in the FY 2072/73. Also it had issued 120% right shares to its shareholders. NMBMF has earned net profit of Rs 4.53 crore in the fourth quarter of the last fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 10 crore. After adjustment of 25% stock dividend its paid capital will rise to Rs 14.08 crore.