During its 6th Annual General Meeting held on 13th Falgun, the company approved the issuance of a 20% bonus share for the fiscal year 2078/79. Subsequently, in a board of directors meeting on Poush 30, it was decided to distribute bonus shares worth Rs. 8,29,02,656.95 from the company’s paid-up capital of Rs. 41.45 crores.
The bonus shares have already been listed on the Nepal Stock Exchange (NEPSE). Therefore, shareholders who held shares before the book closure date, which was Falgun 02, are required to pay the applicable tax on the proposed dividend.
Furthermore, if eligible investors had obtained a loan using their shares as collateral before the book closure date, they must provide a No Objection Letter from their lending institution in order to receive the dividend.