Ganapati Microfinance announces 7% bonus shares out of profits of FY 75/76; cash dividend proposed for tax purpose

Nepal Stock Exchange Limited (NEPSE) has published notice regarding the dividend of Ganapati Microfinance Bittiya Sanstha Limited (GMFBS).

The 56^th BOD of the company held on Bhadra 03, 2076 has decided that the company will be distributing 7% bonus shares worth Rs.72.45 Lakhs and 0.3684% cash dividend worth Rs.3.81 Lakhs (for tax purpose) out of the profits of FY 75/76 for the shareholders.

However, this decision is subject to approval from NRB after which it will be endorsed in the upcoming AGM of the company. The current paid up capital of the company is Rs.10.35 Crore.