Sindu Bikas Bank amends the dividend; Shareholders to receive 11.4851% bonus shares for FY 2075/76

Sindhu Bikas Bank (SINDU) had previously proposed 12.09% dividend for its shareholders from the accumulated profit till 2075/76. The previously proposed dividend details were:

Current paid-up capital: Rs 50.02 crore
Bonus shares: 11.513% worth Rs 5.75 crore
Cash dividend: 0.575% worth Rs 28.78 lakh for tax purpose
Total dividend: 12.09% worth Rs 6.04 crore
Capital after adjustment: Rs 55.75 crore

However, since the cash dividend previously proposed for tax purposes was insufficient, the dividend has been amended. The details are:

Current paid-up capital: Rs 50.02 crore
Bonus shares: 11.4851% worth Rs 5.74 crore
Cash dividend: Rs 30.22 lakh for tax purpose
Total dividend: 12.09% worth Rs 6.04 crore
Capital after adjustment: Rs 55.74 crore

The proposal had been approved by Nepal Rastra Bank.