Tinau Dev Bank 10th AGM to approve 25% bonus & 35% right share; AGM on Kartik 8

Tinau Development Bank Limited (TDBL) will be holding its 10^th Annual General Meeting (AGM) on Kartik 8, 2073. As per the notice published in Nepal Stock Exchange Llimited (NEPSE) today, the AGM is supposed to approve proposed 25% stock dividend along with 1.2157% cash dividend for tax purpose to its shareholders. Also the upcoming AGM is supposed to approve 35% right share to its shareholders. The BOD meeting of the company held on Bhadra 14, 2073 has proposed 25 percent bonus share and 1.31 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. Tinau Development Bank has earned net profit of Rs 7.97 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 27.30 crore and after issuance of 25% bonus share the paid up capital will rise to Rs 34.12 crore. Likewise, after issuance of 35% right share its paid up capital will reach to Rs 46.06 crore.