SIFC proposes a dividend of 11 percent for fiscal year 2077/78, according to a statement.

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In its dividend the year 2077/78, Shree Investment Finance Company Limited (SIFC) has recommended an 11 percent increase.

The board of directors to disburse the dividend on the paid-up capital during its 3 meeting, which took place on Mangsir 14 this year. It has been suggested to issue 7.7 percent bonus shares worth Rs. 6.85 crores a 3.3 percent cash dividend (including tax) worth Rs. 2.93 crores, a total of Rs. 6.85 crores.

The dividend will be paid only if it has been approved by the central bank approved by the company’s future annual general meeting. As of this writing, SIFC’s LTP is at Rs. 528.

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