Prabhu Bank Distributing Cash Dividend and Bonus shares Directly to Bank Accounts and DEMAT Accounts of its Shareholders

Mon, Mar 13, 2023 7:28 AM on Latest, Dividend, Bonus & Rights,

Prabhu Bank Limited (PRVU) is distributing 1.5% cash dividend and 6.5% bonus shares directly to bank accounts and DEMAT accounts of its shareholders respectively and urged to dematerialize their shares.

The bank convened its 21st AGM on 14th Poush, 2079. The AGM endorsed an 8% dividend worth Rs. 1.01 Arba for the fiscal year 2078/79. The meeting of the board of directors held on Mangsir 01, 2079 decided to distribute an 8% dividend on the paid-up capital of Rs. 12.70 Arba. 6.50% bonus shares worth Rs. 82.60 crores and 1.50% cash dividend (including tax) worth Rs 19.06 Crores were proposed. The same bonus shares and cash dividend is now being distributed.

Note that the bonus shares are already listed in NEPSE.

Shareholders are urged to dematerialize their shares at Prabhu Capital Limited, Kamaladi, Kathmandu.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the dividend of the company will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the companies are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.