The Mahalaxmi Bikas Bank (MLBL) has approved a dividend of 21.0526 percent.

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The Mahalaxmi Bikas Bank Limited (MLBL) has scheduled its 20th Annual General Meeting for the 25th of Poush, 2078. The meeting would begin at 11 a.m. that day at the Tribhuvan Army Officers Club in Tundikhel, Kathmandu.

The AGM will approve a 21.0526 percent dividend for fiscal year 2077/78, among other items on the agenda. The board of directors decided disburse the dividend on the Rs. 3.34 Arba paid-up capital at their meeting on Mangsir 12. The proposal is for 20% bonus shares worth Rs 66.84 crores and a 1.0526 percent cash dividend (including tax) of Rs 51.83 lakhs.

In addition, three and three public will be elected the board of directors at the AGM. A resolution to increase the company’s existing authorized capital from Rs. 4 Arba to Rs. 8 Arba is also on the agenda.

The book will be closed on the 13th of Poush. As a result, who held shares prior that date are entitled to the dividend payment and are welcome to the AGM.

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