In its proposed dividend for the fiscal year 2077/78, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has suggested a 17 percent increase from the previous year.
It was determined during the 66th meeting of the board of directors, which took place on Kartik 16, to distribute the whole dividend in the form of bonus shares. In terms of paid-up capital, the company has Rs. 12,11,50,000 in cash on hand. As a result, the bonus shares have a value of little more than Rs. 2.5 crores.
Since the company began a joint operation with Smart Laghubitta on Shrawan last year, the company has been granted a tax exemption on the dividend request, which was previously denied. Shareholders will not be required to pay the tax amount associated with the dividend that has been proposed.
MKLB has an LTP of Rs. 1,905 as of the time of writing.