Siddhartha Bank announces book closure for Kartik 3

ShareSansar, October 14:

Siddhartha Bank Ltd has said that its shareholder register will remain closed on Kartik 3.
 
According to the notice published by the bank today, those shareholders who have their name until Kartik 2 will only be entitled for the dividend of the bank and will be allowed to participate the bank’s upcoming annual general meeting.

It means those investors who want to reap the benefit announced by the bank as the dividend from the profit of last fiscal year 2070/71 will have to buy the shares of the bank by Kartik 2.

The bank has already announced 23.6 percent dividend to its shareholders from the net profit it has earned in the last fiscal year 2070/71. The BoD of the bank has proposed 12 percent bonus shares and 11.16 percent cash dividend to their shareholders.

After adjustment of 12 percent bonus shares, the bank’s paid-up capital will reach Rs 2.03 arba from current paid-up capital of Rs 1.81 arba.

According The bank has earned a net profit of Rs 79.15 crore, up from Rs 48.26 crore it earned in the previous fiscal year 2069/70.