Shree Investment and Finance Company Distributed 2.40% Bonus Shares to Demat Accounts
Sun, Apr 23, 2023 10:10 AM on Latest, Dividend, Bonus & Rights,

Shree Investment and Finance Company Limited (SIFC) has distributed 2.40% bonus shares directly to the DEMAT account of its shareholders.
The company convened its 28th AGM on 29th Poush and endorsed a 7.60% dividend worth Rs. 7.28 crore 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. Note that the bonus shares are already listed in NEPSE.
Also, the company has urged the shareholders to dematerialize their shares.