Among other agendas, the AGM will endorse a 34 percent dividend for the fiscal year 2077/78. The meeting of the board of directors held on Ashoj 17 decided to distribute the dividend on the paid-up capital of Rs. 9,20,50,000. 32.3 percent bonus shares and 1.7 percent cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 2.97 crores and the cash dividend is worth a little over Rs. 15.64 lakhs.
Furthermore, the meeting will also elect 4 board members from the promoters.
Mangsir 23 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM. SMFBS closed at Rs. 2,554 yesterday.