Support Microfinance to transfer distributable profit of Rs.11.89 Lakhs to retained earnings; no dividend for the shareholders

Support Microfinance Bittiya Sanstha (SMB) has published a notice regarding the retained earnings from the profits of FY 74/75.

The 124^th BOD meeting held on 9^th Poush 2075, has proposed to retain earnings of  Rs.11.89 Lakhs. This amount will not be distributed in the form of bonus shares and cash dividend, rather it will be kept in the reserves of the company. This decision is subject to approval from NRB and upcoming AGM of the company.

The current paid up capital of the company stands at Rs.6 Crore and the LTP as of 24^th December stands at Rs.678 per share. The company had posted a net profit of Rs.22.68 Lakhs by the end of the fourth quarter of FY 74/75.