Sana Kisan to hold its AGM on January 10; central bank quickly endorses 26% dividend

ShareSansar, December 22:

Sana Kisan Bikas Bank Limited is has decided to hold its 12^th AGM on January 10, which, inter alias, will formally endorse 26 percent dividend, including 15 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A BoD meeting of the micro finance development had only a few days back decided to pledge this dividend, which was then quickly approved by the central bank.

Sana Kisan Bikas Bank Limited had posted a net profit of Rs.2.29 crore in the first quarter of the current fiscal year 2070/71, though its report for the last fiscal year is not available.

It may be noted that the primary share investors of Sana Kisan Bikas Bank’s ordinary shares gained six times the original investment on the very first day its IPO was listed for trading at stock exchange in October.

The share price of Sana Kisan Bikas Bank that had opened at Rs 550 reached Rs 605 by the time of closing.

Investors who had purchased the shares during the bank’s initial public offering (IPO) back in July at a face value of Rs 100 have earned 600 per cent extra on their investment.