Reliance Finance announces 15% bonus share; capital to reach Rs. 51.25 crore after bonus share

Reliance Finance Limited (RLFL) has proposed 15 percent bonus share and 0.79 percent cash dividend (tax purpose) to its shareholders. The BOD meeting held on Kartik 26, 2073 has proposed 15 percent bonus share and 0.79 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2072/73. However, the decision is subjected to approval from Nepal Rastra Bank (NRB) and upcoming Annual General Meeting (AGM). Last year, RLFL had distributed 20% bonus share to its shareholders from the profit it made in 2071/72 FY. Reliance Finance had earned net profit of Rs 8.64 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 44.57 crore and after the issuance of 15% bonus share the paid up capital will rise to Rs 51.25 crore.