Mahalaxmi Bikas Bank Limited has begun depositing cash dividends into shareholders’ bank accounts. The dividend of 5.37% including tax was approved at the bank’s Annual General Meeting (AGM) held on Poush 21. In addition to the cash dividend, the AGM also approved the distribution of 5% bonus shares, which will be credited to shareholders’ demat accounts after listing on the Nepal Stock Exchange (NEPSE) and CDS & Clearing Limited.
For the purpose of dividend distribution, the bank had closed its share register for one day on Poush 7, making shareholders recorded on NEPSE as of Poush 6 eligible to receive the dividend.
The bank has requested shareholders who have not updated their bank account details in their demat accounts or not completed share dematerialization to do so promptly to ensure the dividend is credited to their accounts. Additionally, shareholders who have taken loans against their shares can receive the cash dividend after submitting an approval letter from the lending bank or financial institution.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
