In its proposed dividend for fiscal year 2077/78, Mahalaxmi Bikas Bank (MLBL) proposes a 21.0526 percent rate.
Mahalaxmi Bikas Bank Limited (MLBL) has recommended a dividend of 21.0526 percent for the fiscal year 2077/78, which begins on July 1.
The board of directors, in its meeting on Mangsir 12, voted to distribute Rs. 3.34 Arba as a dividend on the paid-up capital, which was approved by the shareholders. The proposal is for the issuance of 20 percent bonus shares worth Rs 66.84 crores and the payment of a 1.0526 percent cash dividend (including tax) of Rs 51.83 lakhs.
The dividend will be paid only if it has been approved by the central bank and approved by the company’s future annual general meeting. The closing price of the company’s ordinary shares was Rs. 1,165.