Vijaya Laghubitta proposes 15% stock & 5% cash dividend

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has decided to distribute 15 percent bonus share and 5 percent cash dividend to its shareholders. As per the notice published in NEPSE today, the BOD meeting held Ashwin 7, 2073 has proposed 15 percent bonus share and 5 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the microfinance’s upcoming Annual General Meeting (AGM). VLBS has earned net profit of Rs 2.40 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 14 crore. After distribution of 15% bonus share the paid up capital will reach to Rs 16.1 crore.