Last day to get 9% cash dividend of Mahalaxmi Bikas Bank

Thu, Apr 19, 2018 12:41 AM on Dividend, Bonus & Rights, Latest, Stock Market,

Today is the last day to clinch dividend of Mahalaxmi Bikas Bank Limited (MLBL).

The board meeting of the company has announced cash dividend of 9% for its shareholders worth Rs 23,70,41,770 from the profit of FY 2073/74.

The book closure date for the general meeting has been set on Baisakh 07, 2075 i.e. the shareholders holding shares of Mahalaxmi Bikas Bank till Baisakh 6, 2075 (i.e. today) will be eligible for participating in the AGM.

It will be convening 16th Annual General Meeting (AGM) on Baisakh 21, 2075. The AGM is going to be held at All in one Mart, Crown Banquet, Minbhawan.

The development bank has reported a net profit of Rs 20.54 crore in the second quarter of the current fiscal year. Currently, It's paid-up capital remains at Rs 2.63 arba and has reserve of Rs 1.305 arba.

Its LTP stood at Rs 195 as of last trading day.