Manakamana Smart Laghubitta (MKLB) proposes a dividend of 17 percent for the fiscal year 2077/78.

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In its proposed dividend for the 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 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 operation 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 has been proposed.

Please keep in mind this dividend will only be paid out receiving approval from Nepal Rastra Bank and from the company’s upcoming annual general meeting.

MKLB has an LTP Rs. 1,905 as of the time of writing.

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