Shine Resunga Development Bank distributes bonus shares directly in the Demat of the shareholders; urges shareholders to dematerialize their shares

Shine Resunga Development Bank Limited (SHINE) has published a notice regarding the distribution of bonus shares for its shareholders.

The development bank had announced 25% bonus shares from the net profit of FY 2073/74 which has already been deposited in the respective demat accounts of the shareholders.

SHINE has urged the remaining shareholders to get their shares dematerialized by contacting with its share registrar NIBL Ace Capital Limited or any branches of NIBL Ace Capital Limited.

Those shareholders who has purchased shares after Jestha 29,2073 are requested to pay tax against bonus shares to any branches SHINE or NIBL Ace Capital Limited or any branches of NIBL Ace Capital Limited.

The development bank has earned net profit of Rs 23.72 crore in Q3 of FY 2074/75.