RSDC Laghubitta Distributing 3% Cash Dividend Directly to Shareholders' Bank Accounts

Wed, Jan 25, 2023 8:46 AM on Latest, Dividend, Bonus & Rights,

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) is distributing 3% cash dividends directly to the bank accounts of its shareholders and has urged them to dematerialize their shares.

The company convened its 9th AGM for the FY 2078/79 on Poush 29, 2079. The company endorsed an 11% dividend for FY 2078/79. The meeting of the board of directors held on Mangsir 10 decided to distribute the dividend on the paid-up capital of Rs. 80.51 Crores. 8% bonus shares and 3% cash dividend (tax purposes) were proposed. Thus, the bonus shares were a little over Rs. 6.44 crores and the cash dividend was worth a little over Rs. 2.41 crores.

Also, the company has urged the shareholders to dematerialize their shares if they haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution to receive the dividend.