Thursday, November 18, 2021
    Nepal Stock ExchangeRight | Bonus | DividendMLBSL (Mahila Laghubitta) Dividend News

    MLBSL (Mahila Laghubitta) Dividend News

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    Majula Laghubitta Sanstha Limited (MLBS) has updated its dividend proposal the fiscal 2077-78, which will be effective on January 1, 2077. Previously, the firm had recommended a payout of 50 percent of its earnings.

    At their 35th meeting, held on Ashoj 22, the board of directors resolved to pay a dividend of Rs. 10 crores on the company’s paid-up capital of Rs. 100 crores. A 45 percent bonus share valued at Rs 4.5 crores was planned, as well as a 5 percent cash dividend (including tax) valued at Rs 50 lakhs in total. This would have been the corporation’s very first dividend payment, if it had happened.

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    In a fresh notice filed today, the business said that it has revised its dividend plan to include 47.5 percent bonus shares and 2.5 percent cash dividend. In addition to the cash dividend, the bonus shares worth Rs. 4.75 crores, bringing the total value of the payment to Rs. 25 lakhs.

    The dividend will be paid only if it has been approved by the central bank and if it has been approved by the company’s future annual general meeting. MLBSL currently has an LTP of Rs. 4,905 as at the time of this writing.

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