The 352nd meeting of the board of directors, held on Poush 02, resolved to pay a dividend of Rs. 9.03 Arba on the paid-up capital. 5.75 percent bonus shares worth somewhat more than Rs 51.92 crores have been proposed, as well as a 0.3 percent cash dividend (including tax) of Rs 2.73 crores.
The dividend will be paid only if the central bank has approved it and the company’s future AGM has approved it. CCBL currently has an LTP of Rs. 221.