Mithila Laghubitta proposes 10.45% bonus share from profits of FY 74/75; Paid up capital to reach Rs.7.28 Crore
Mithila Laghubitta has proposed 10.91% dividend for its shareholders from the profits of FY 74/75.
The BOD meeting for the same was held on 19th Mangsir 2075, which proposed 10.45% bonus shares worth Rs.68.94 Lakhs and 0.55% cash dividend (for tax purposes) worth Rs.3.62 Lakhs for the shareholders. However, this decision is subject to approval from NRB and the upcoming AGM of the microfinance company.
After the adjustment of bonus shares, the paid up capital of the company will reach Rs.7.28 Crore. The company had previously distributed 15.78% dividend from the profits of FY 73/74. The LTP as of 6th December 2018 stands at Rs.833 per share.(source)