10.526% Dividend Distribution of NADEP Laghubitta Has Been Canceled

From the 176th meeting of the board of directors of NADEP Laghubitta Bittiya Sanstha Limited (NADEP) held on Magh 10, the company had proposed 10% bonus shares and 0.526% cash dividend (tax purposes) from the distributable profits and accumulated profits of 2078/79.

Previously, the Chitwan-based Deprosc Laghubitta (DDBL) signed an initial agreement to acquire Dhading-based Nadep Laghubitta on Poush 15, 2077. However, the disagreement in share ratio and employee structuring has led the companies to ditch the merger agreement.

Highlights:

• Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend
• Prime Life Insurance and Butwal Power Company Bonus Shares Are Finally Listed on the NEPSE
• Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79
• Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;
• Radhi Bidyut Corporation and Himalayan Bank Bonus Shares are Now Listed on the NEPSE