ICFC Finance Limited has proposed to distribute 10.5263 percent cash dividend to its shareholders from the profits of the fiscal year 2082/83.
ICFC Finance Limited has proposed a cash dividend for its shareholders from the profits of the fiscal year 2082/83. The company is going to distribute 10.5263 percent cash dividend.
Details of the Dividend
The 372nd meeting of board of directors of the company decided to distributing this dividend. The cash dividend is calculated based on the company’s paid-up capital of Rs. 1 arba 18 crore 34 lakh 70 thousand 960, which was maintained till the end of Asar masant 2083.
Under this proposed dividend, the company will distribute a total of Rs. 12 crore 45 lakh 75 thousand 703 and 66 paisa. The company also announced that this cash dividend amount includes the tax purpose as well.
Approval from Nepal Rastra Bank
Before the shareholders get the cash in their hands, the proposed dividend needs to get approval from Nepal Rastra Bank. Once the central bank approves it, the proposal will be presented in the upcoming Annual General Meeting of the company. Shareholders will get this cash dividend only after it gets passed by the AGM.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
