Progressive Finance Limited Distributed 6% Bonus Shares to Demat Accounts

Progressive Finance Limited (PROFL) has distributed 6% bonus shares directly to the DEMAT accounts of its shareholders. The company has urged its shareholders to dematerialize its shares.

The 25th AGM of the company endorsed a 6.3158% dividend for the fiscal year 2077/78. The meeting of the board of directors decided to distribute the dividend on the paid up capital of Rs. 80.01 crores. 6% bonus shares worth slightly over Rs. 4.8 crores and 0.3158% cash dividend (including tax) worth Rs. 25.26 lakhs were proposed. The same bonus shares are now deposited to Demat accounts. Poush 19, 2078 was the book closure date.

Shareholders will have to dematerialize their shares at NIBL Ace Capital, Lazimpat, Kathmandu.

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