Womi Laghubitta (WOMI) proposes 30% Bonus Shares for FY 2076/77; No Need To Pay Any Tax

Womi Laghubitta Bittiya Sanstha Limited (WOMI) has proposed a 30% dividend for the fiscal year 2076/77.

The meeting of the board of directors has decided to distribute the entirety of the dividend in bonus shares. Furthermore, since the company has already commenced a post-merger joint operation with Nagarik Laghubitta Bittiya Sanstha Limited, it is eligible for income tax exemption. Thus, investors do not have to pay the tax this time to get bonus shares. This is also probably why the company has not proposed any cash dividend, not even for tax purposes this time.

As of writing, the trading of WOMI is halted. Womi Laghubitta signed a Merger Agreement Letter with Grameen Swayamsewak Laghubitta Bittiya Sanstha on September 11 this year. Grameen Swayamsewak Laghubitta Bittiya Sanstha is a "D" class financial institution (microfinance company) operational in Sarlahi, Ward no. 11. The company is not yet listed in the NEPSE.

Dividend History