Shine Resunga declares 27% bonus share; Paid up to reach Rs 1.10 arba

Shine Resunga Development Bank Ltd has decided to distribute 27 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held today (Ashwin 6, 2073) has proposed 27 percent stock dividend 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, Shine Resunga Development Bank had distributed 27% bonus share to its shareholders. SHINE has earned net profit of Rs 27.07 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 86.84 crore. After distribution of 27 % bonus share the paid up capital will reach to Rs 1.10 arba.