Swadeshi & Suryodaya Laghubitta announces 100% right and 19% bonus shares respectively

Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) and Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has announced right and bonus shares respectively. As per the notice published in NEPSE today, SDESI has announced to 100% right shares (1:1) after 15% bonus shares and SLBS has announced 19% bonus shares along with 1% cash dividend (for tax purpose) to its shareholders. The decision is subjected to the approval from the Nepal Rastra Bank and upcoming AGM. After 15% bonus and 100% right shares of SDESI, its paid up capital will reach to Rs 23 crore from existing Rs 10 crore, whereas paid up of SLBS after 19% bonus shares will reach to Rs 4.76 crore from existing Rs 4 crore. SDESI and SLBS has earned net profit of Rs 2.39 crore and Rs 2.37 crore in the fourth quarter of the last fiscal year 2073/74 respectively. LTP of SDESI stood at Rs 357 and of SLBS at Rs 971 as of last trading day.