Nepal Doorsanchar Company (NTC) Proposes Bonus Shares for First Time, Stock Already Up 80% From Last 5 Months

Nepal Doorsanchar Company Limited (NTC) has proposed a 40% dividend for the fiscal year 2077/78.

The company has called its 14th AGM on 24th Chaitra, 2078. The meeting will be held in Tribhuwan Army Officers Club, Tundikhel, Kathmandu, starting at 11 am that day.

Among other agendas, this AGM will endorse a 20% cash dividend and 20% bonus shares for the fiscal year 2077/78. This is the company's first-ever bonus shares declaration. The paid-up capital of the company after bonus shares issuance will be Rs. 18 Arba.

Chaitra 11 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

NTC saw a voracious rise of around 80% since October last year.

The stock had witnessed very little pessimism when the NEPSE index itself went through a correctional phase. As of writing, NTC has an LTP of Rs. 1,714.

AGM and Dividend Notice