Shine Resunga Development Bank (SHINE) Calls AGM to Endorse 11.5% Dividend, When's the Book Closure?

Shine Resunga Development Bank Limited (SHINE) has called its 13th AGM on 29th Mangsir, 2078. The meeting will be held in Maharaja Resort, Rupandehi, starting at 11 am that day.

Among other agendas, the AGM will endorse an 11.5% dividend for the fiscal year 2077/78. The 244th meeting of the board of directors held on Kartik 14 decided to distribute 10.93% bonus shares and 0.57% cash dividend (for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 3.40 Arba. Thus, the bonus shares are worth Rs. 37.25 and cash dividend is worth Rs 1.96 crore.

Mangsir 17 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

As of writing, SHINE has an LTP of Rs. 501.

AGM notice