Shine Resunga Development Bank Limited (SHINE) proposes 13% Bonus shares for FY 2076/77

Shine Resunga Development Bank Limited (SHINE) has proposed a 13% dividend for the fiscal year 2076/77.

The 225th meeting of the board of directors held on Poush 03 has decided to distribute 13% bonus shares from the paid-up capital. The paid-up capital of the company is Rs. 3,01,63,39,742.49. Thus, the bonus shares are worth Rs. 39,21,24,166.52. Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.

It is to be noted that the company has not declared any cash dividend for tax purposes. This is because the company has received a tax exemption for bonus shares for two years after its merger. However, new investors maintained after the merger and before the book closure date are required to submit the tax amount in order to get their bonus shares.

As of writing, the bank's last day close stands at Rs. 271.

Dividend History