Trading of Vijaya Laghubitta (VLBS) Has Been Resumed

Nepal Stock Exchange (NEPSE) has released an official circular in relation to the resuming of secondary market securities transactions of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS). 

Previously, the transaction of VLBS was stopped because the dividend declaration for the Fiscal year 2078/79 was received by Nepal Stock Exchange at 6:35 PM after business hours on Magh 25. However, Vijaya Laghubitta conducted a meeting to propose dividends to the shareholders on Magh 10 itself.

In accordance with the provisions of the Securities Listing Regulations, 2075, the officials of VLBS did not provide information in accordance with Regulation 22(1) and violated NEPSE rules, depriving the general public of sensitive information and information related to the securities transactions and prices, thereby affecting the price of the securities.

The meeting of the board of directors of VLBS held on Magh 10 decided to distribute the dividend on the paid-up capital of Rs. 32 Crores. 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly over Rs. 33.68 lakhs have been proposed.