Saptakoshi & Tinau Dev. Bank announces 11% & 25% stock dividend repectively; United Finance proposes 20% stock dividend

Saptakoshi Development Bank Limited (SKDBL) has announced 11 percent bonus share to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, The BOD meeting held on Bhadra 13, 2073 has proposed 11 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2071/72, SKDBL  had issued 1:1.15 ratio right share to its shareholders . Saptakoshi Development Bank has earned net profit of Rs 93.78 lakh in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 10 crore and after the issuance of 11% bonus share the paid up capital will rise to Rs 11 crore. Likewise, Tinau Development Bank Limited (TNBL) has declared 25 percent bonus share and 1.31 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Bhadra 14, 2073 has proposed 25 percent bonus share and 1.31 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Last year, TNBL had distributed 18% bonus to its shareholders from the profit it made in 2071/72 FY. Tinau Development Bank has earned net profit of Rs 7.97 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 27.30 crore and after the issuance of 25% bonus share the paid up capital will rise to Rs 34.12 crore. Similarly, United Finance Limited (UFL) has declared 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Bhadra 14, 2073 has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the finance company’s upcoming AGM. Earlier, UFL had distributed 15% bonus to its shareholders from the profit it made in 2070/71 fiscal year. United Finance had earned net profit of Rs 13.87 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 46.39 crore and after the issuance of 20% bonus share the paid up capital will rise to Rs 55.66 crore.