Sindhu Bikas Bank announces 16.8 % stock dividend; Paid up capital to reach Rs 14.12 crore

Sindhu Bikas Bank Limited (SINDU) has decided to distribute 16.8 percent bonus share and 0.88 cash dividend for tax purpose to its shareholders. The 157^th BOD Meeting of the company has proposed 16.8 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from concerned authorities. Earlier the finance company had provided 12.50 percent bonus share to its shareholders from the net profit it earned in the fiscal year 2071/72. SINDU has earned net profit of Rs 2.72 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 12.09 crore and after the issuance of 16.8 % bonus share it’s paid up capital will rise to Rs 14.12 crore.