The board of directors voted to deliver the entire dividend in cash during their meeting on Ashoj 18, which took place on that day. Assuming that the firm has a paid-up capital of Rs. 173,94,40,000, the cash dividend is worth a little over Rs. 9.41 crores based on the paid-up capital.
The dividend will be paid only if it has been approved by the central bank and approved by the company’s future annual general meeting. As of this writing, NICLBSL has an LTP of Rs. 1,269, which is sufficient for its operations.