No Dividend To Dhaulagiri Laghubitta Bittiya Sanstha Shareholders for FY 2079/80

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) has announced that it will not be distributing any dividends for the Fiscal Year 2079/80 and has canceled the dividend proposed earlier.

Earlier, the 8th meeting of the board of directors held on Kartik 22 had decided to distribute 14.25% bonus shares and 0.25% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company was Rs. 10.31 crores, the bonus shares worth Rs. 1,89,66,750, and the cash dividend for the tax purpose was Rs. 9,98,250 was announced by the company. 

Following the announcement of dividend distribution, the Nepal Rastra Bank Microfinance Institution Supervision received the details regarding the decision to abstain from distributing dividends. The 10th Board Meeting of DLBS held on Poush 25, 2080, confirmed that the company would not be distributing any dividends for FY 2079/80.

Yesterday, DLBS closed at Rs. 895.50.