STOCK WATCH: Last day to clinch Laxmi Bank’s 20% bonus shares
Sun, Oct 26, 2014 12:00 AM on Book Closure,
ShareSansar, October 26:
Today is the last day for the investors to get hold of the dividend pledged by Laxmi Bank Ltd for the fiscal year 2070/71.
The Bank is closing its shareholder resgister book from tomorrow (Monday) to convene its annual general meeting (AGM).
The bank has scheduled its 14th AGM on 25th Kartik. Only those investors buying shares of the bank till today (Sunday) will be entitled for the dividend that it has announced for the fiscal year 2070/71 and allowed to attend the AGM.
The bank has already proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose.
The commercial bank, which had announced 25 percent right issue through its last Annual General Meeting, has also decided to offer additional 5 percent rights share to the shareholders.
The bank is also going to raise its authorized capital to Rs 5 arba after getting the approval from the AGM.
According to the fourth quarterly unaudited financal statement of the bank, its net profit rose to Rs 47.19 crore last year 2070/71, up from Rs 41.98 crore in the corresponding period of the previous fiscal year 2069/70.
