Swarojgar Laghubitta proposes 25% bonus & 100% right shares; Paid up capital to reach Rs 26.23 crore

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) has announced 25 percent bonus shares and 1.32 cash dividend for tax purpose to its shareholders. Also, the same meeting has decided to issue right share in the ratio of 1:1 (100%) after the bonus share issuance. As per the notice published in Nepal Stock Exchange, the BOD meeting held on Bhadra 9, 2074 proposed 25 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2073/74 and also the bank has decided to issue 100% right shares. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM). Last year, SLBBL had distributed 30.4% bonus share to its shareholders from the profit it made in 2072/73 FY and had also issued 50% right shares. Swarojgar Laghubitta Bikas Bank has earned net profit of Rs 2.86 crore in the fourth quarter of the FY 2073/74. The microfinance company’s paid up capital after issuance of 50% right shares stood Rs 10.49 crore. Likewise, after issuance of 25% bonus and 100% right shares its paid up capital will reach Rs 26.23 crore.