The 17th meeting of the board of directors convened on Mangsir 13 resolved to disburse the dividend on the paid-up capital of Rs. 39.43 crores. Bonus shares have been proposed as a means of paying out the entire dividend. Thus, the bonus shares are valued a little over Rs. 9.97 crores.
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 writing, SMFDB has an LTP of Rs. 1,345.