Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has recently made a significant move in the stock market. They’ve listed a substantial number of bonus shares, specifically 11,87,977.18 units, on the Nepal Stock Exchange (NEPSE). This comes after the company’s 11th Annual General Meeting, held on April 30th, where they decided to reward their shareholders with a 15% bonus share for the fiscal year 2078/79.
During the AGM, the company’s board of directors agreed to allocate a bonus dividend equivalent to 15% of the company’s capital. This bonus dividend amounts to a significant sum of Rs. 11.87 Crores. This distribution is based on the company’s paid-up capital of Rs. 79.19 crores. These newly distributed bonus shares are now officially listed on NEPSE.
As of the latest available information, SWMF’s closing stock price was Rs. 661.40 in the previous trading session. This development marks an important step for the company and its shareholders in the dynamic stock market landscape.
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