Shree Investment and Finance Company and Himalayan Distillery Distributed Cash Dividends Directly to Shareholders' Bank Accounts.
Thu, Feb 9, 2023 10:21 AM on Latest, Dividend, Bonus & Rights,
Shree Investment and Finance Company Limited (SIFC) has distributed a 5.20% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.
The company convened its 28th AGM for the FY 2078/79 on 29th Poush, 2079. The company endorsed a 7.60% dividend worth Rs. 7.28 for the fiscal year 2078/79. The 325th meeting of the board of directors held on Mangsir 29 decided to distribute the dividend from the paid-up capital of Rs. 95.86 crores. 2.40% bonus share and 5.20% cash dividend were proposed. Thus, the bonus shares were worth Rs. 2.30 crores and the cash dividend was worth slightly over Rs. 4.98 crores. The same cash dividend has now been distributed.
Similarly, Himalayan Distillery Limited (HDL) has also distributed a 10% cash dividend directly to bank accounts.
The company convened its 22nd AGM for the FY 2078/79 on 27th Poush, 2079. The company endorsed a 70% dividend for the fiscal year 2078/79. The meeting of the board of directors held on 9th Mangsir 2079, proposed a 70% dividend from the profit maintained of FY 2078/79. The paid-up capital of the company stands at Rs. 1.51 Arba. 60% bonus shares and a 10% cash dividend (including tax) were proposed. The same cash dividend has now been distributed.
Also, the companies have urged the shareholders to dematerialize their shares if they haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.
Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date should present a No Objection Letter from their lending institution to receive the dividend.
