Ngadi Group Power Limited (NGPL) has listed 11,78,221 bonus shares on the National Stock Exchange of Pakistan (NEPSE).
The dividend for the fiscal year 2077/78 was approved at the company’s 8th Annual General Meeting, which was held on the 3rd of Ashwin, 2078. The board of directors, at its meeting on Shrawan 31, decided to distribute 20 percent of the company’s earnings in bonus shares and 1.05 percent in cash dividends to shareholders for tax purposes. The bonus shares are worth a total of Rs. 11,78,22,060 in value.
The same bonus shares are now available for purchase. As of this writing, NGPL’s LTP is at Rs. 762.
Furthermore, the AGM accepted the proposed 1: 2 rights shares for shareholders, which were previously rejected. This will be issued from the paid-up capital that has been retained following the adjustment of the bonus shares indicated above.
On Chaitra 28, 2077, the Green Development Bank virtually convened its 8th Annual General Meeting (AGM) for the fiscal year 2076-77 under the direction of its chairman. The board’s proposal to distribute 3.8 percent bonus shares and a 0.20 percent cash dividend to shareholders was approved by the shareholders at the annual general meeting.
The same bonus shares are now available for purchase. As of this writing, GRDBL’s LTP is at Rs. 415.