National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has recently distributed 15% bonus shares directly to the DEMAT accounts of its shareholders. The company has encouraged its shareholders to dematerialize their shares in order to facilitate the distribution process.
During the company’s 9th Annual General Meeting held on 15th Baisakh, a 15% dividend for the fiscal year 2078/79 was endorsed. The company proposed distributing a bonus dividend of 15% worth Rs. 8.80 Crores from the paid-up capital of Rs. 58.66 Crores.
It is important to note that the bonus shares have already been listed on the Nepal Stock Exchange (NEPSE), providing shareholders with the opportunity to trade them in the market. As of the latest update, the Last Traded Price (LTP) of NMFBS shares stands at Rs. 1,345.
By distributing bonus shares directly to shareholders’ DEMAT accounts, NMFBS aims to streamline the process and ensure that shareholders receive their entitled dividends efficiently. The company’s decision to distribute bonus shares reflects its commitment to rewarding shareholders and enhancing their value through increased ownership in the company.