Subhechha Bikas (17.95%), Kankai Bikas (25%), Laxmi Laghubitta (10%) & Gurans Life Insurance (10%) announce stock dividend

Subhechha Bikas Bank Limited Subhechha Bikas Bank Limited (SUBBL) has decided to distribute 17.95 percent bonus share and 0.94 percent cash dividend for tax purpose. The 176^thBOD Meeting of the company held on Ashwin 24 has proposed 17.95 percent bonus share and 0.95 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, SubhechaBikas Bank had distributed 14.34 percent bonus share and 11.66 percent cash dividend to their shareholders As per unaudited report SUBBL had earned net profit of Rs 3.46 crore in the fourth quarter of last fiscal year 2071/72. It’s paid up capital remains at Rs 15.02 crore. After distributing 17.95 percent bonus share it’s paid up capital will rise to Rs 17.72crore.   Kankai Bikas Bank Ltd. Kankai Bikas Bank Ltd. (KNBL) has decided to distribute 25 percent bonus share and 1.315 percent cash dividend for tax purpose to its shareholders. The 206^thBOD Meeting of the company held on Ashwin 24 has proposed 25 percent bonus share and 1.315 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Laxmi Laghubitta had distributed 10.53 percent cash dividend to their shareholders KNBL had earned net profit of Rs2.67crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 10 crore. After distributing 25 percent bonus share it’s paid up capital will rise to Rs 12.5 crore.   Laxmi Laghubitta Bittiya Sanstha Ltd. Laxmi Laghubitta Bittiya Sanstha Ltd. (LLBS) has decided to distribute 10 percent bonus share and 0.53percent cash dividend including tax purpose to its shareholders. The 58^thBOD Meeting of the company held on Ashwin 24 has proposed 10 percent bonus share and 0.53percent cash dividend including tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). LLBS had earned net profit of Rs1.64 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 10 crore. After distributing 10 percent bonus share it’s paid up capital will rise to Rs 11 crore.   Gurans Life Insurance Co. Gurans Life Insurance Company Limited  (GLICL) has decided to distribute 10 percent bonus share and 0.526 percent cash dividend for tax purpose to its shareholders. The 115^thBOD Meeting of the company held on Ashwin 24 has proposed 10 percent bonus share and 0.526percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). GLICL had earned net profit of Rs1.71crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 50crore. After distributing 10 percent bonus share it’s paid up capital will rise to Rs 55 crore.