Laxmi Bank Limited (LBL) has scheduled its 21st Annual General Meeting (AGM) for Poush 08. The conference will take place in Agrawal Bhawan, Kamalpokhari, Kathmandu, and will begin at 2 p.m. on the scheduled day.
The AGM will also approve an 11.5 percent dividend for the fiscal year 2077/78, among other items on the agenda. The 249th meeting of the board of directors, which took place on Kartik 25, decided to distribute 8 percent bonus shares and a 3.5 percent cash dividend on the company’s paid-up capital to shareholders. There are 8,556,551.89 bonus shares issued, and the cash dividend is worth Rs. 374,349,145. The bonus shares are worth Rs. 374,349,145 in total. In addition to the cash dividend, the tax amount for bonus shares is included.
Mangsir 24 is the date on which the book will be closed. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are also welcome to attend the AGM. Yesterday, LBL closed at Rs. 302.60 a share.