Suryodaya Laghubitta proposes 44.47% bonus shares; 2.34% cash dividend for tax purposes

Suryodaya Laghubitta Bittiya Sanstha has proposed 46.81% dividend for its shareholders from the profit of FY 2075/76.

Releasing a notice today, the company has announced that its 131th Board meeting has decided to endorse dividend worth Rs 5.05 crore or 46.81874% of the paid-up capital for its shareholders from the accumulated profit of FY 2075/76. Out of the total, 44.4778% is bonus shares and the remaining 2.3409% is cash dividend for tax purpose.

The endorsement is subject to approval from the upcoming Annual General Meeting of the company.

The paid-up capital of Microfinance currently stands at Rs 10.79 crore.