Shine Resunga Development Bank (SHINE) has an annual general meeting to approve an 11.5 percent dividend.
Shine Resunga Development Bank Limited (SHINE) has scheduled its 13th Annual General Meeting (AGM) for the 29th of Mangsir, 2078. The gathering will take place at the Maharaja Resort in Rupandehi on that day, beginning at 11 a.m.
The AGM will also approve an 11.5 percent dividend for the fiscal year 2077/78, among other items on the agenda. During its 244th meeting, held on Kartik 14, the board of directors voted to distribute 10.93 percent bonus shares and 0.57 percent cash dividend (for tax reasons) from the company’s paid-up capital, respectively. The company has a paid-up capital of Rs. 3.40 Arba, which is a small amount. As a result, the bonus shares are worth Rs. 37.25 each, and the cash dividend is worth Rs. 1.96 lakh.
The book will be closed on Mangsir 17, according to the calendar. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are welcome to attend the AGM.
SHINE currently has an LTP of Rs. 501 as of the time of writing.