NRN Infrastructure and Development Proposes 42.105% Dividend; How Much in Bonus Shares and Cash?

NRN Infrastructure and Development Limited (NRN) has called its 13th AGM on Poush 4, 2082. The meeting will be held in the Amrapali Banquet, Kathmandu, starting from 9:00 AM that day.

The meeting of the board of directors held on Kartik 25 has proposed a 40% bonus shares worth Rs. 51.37 crores and a 2.105% cash dividend (for tax purposes) worth Rs. 2.70 crore for the fiscal year 2081/82. The company's existing paid-up capital is Rs. 1.28 Arba.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2082/83.

There is also an agenda to issue rights shares at a ratio of 1: 1 after the distribution of bonus shares.