Four different companies have announced their dividend proposals for the fiscal year 2082/83 on a single day.
Shine Resunga Development Bank Proposes 16 Percent Dividend
Shine Resunga Development Bank Limited decided to distributing 16 percent dividend from its distributable accumulated profit of fiscal year 2082/83. The bank’s 338th board of directors meeting proposed to give 6 percent bonus shares and 10 percent cash dividend to its shareholders.
For the 6 percent bonus shares, bank allocated Rs 30 crore 13 lakh 18 thousand 363 and 80 paisa. Similarly, for 10 percent cash dividend, which includes tax for bonus and cash dividend, bank proposed Rs 50 crore 21 lakh 97 thousand 272 and 99 paisa. Currently, paid-up capital of Shine Resunga Development Bank is Rs 5 arba 2 crore 19 lakh 72 thousand 729 and 93 paisa. This dividend will distribute after getting approval from Nepal Rastra Bank and upcoming annual general meeting.
Nepal Lube Oil Calls 35th AGM, Proposes 21.05264 Percent Dividend
Nepal Lube Oil Limited is going to hold its 35th annual general meeting on Ashwin 19. The company’s 391st board meeting decided to organize meeting at 11:30 AM at The Plaza in Pulchowk, Lalitpur.
The meeting will discuss and pass the reports of board of directors, auditor report, balance sheet, profit and loss, and cash flow reports of fiscal year 2082/83. Also, integrated financial report including NLOL Energy Ltd. and NLOL Synergy Ltd. will be passed. For fiscal year 2083/84, meeting will propose to appoint P. Pramas and Associates as external auditor with fee of Rs 3 lakh.
Under special proposals, company has proposed 15 percent bonus shares and 6.05264 percent cash dividend, making a total dividend of 21.05264 percent. Cash dividend amount is Rs 52 lakh 92 thousand 138 and 86 paisa, which will first be used for tax deduction purpose and remaining will be distributed. The bonus shares will be given based on paid-up capital of Ashad end 2083. Also, company previously submitted a proposal to SEBON for 1:2 right shares of 14 lakh 57 thousand 253.60 units, and additional bonus shares from previous years will be managed within this limit on pro-rata basis.
Arun Valley Hydropower Announces 5 Percent Bonus Shares
Arun Valley Hydropower Development Company Limited proposed to give 5 percent bonus shares and 0.263 percent cash dividend from its profit of fiscal year 2082/83. The company’s board of directors meeting on Bhadra 28 proposed this dividend distribution.
The 5 percent bonus shares of current paid-up capital of Rs 4 arba 4 crore 4 lakh 3 thousand 150 is worth Rs 20 crore 20 lakh 20 thousand 157 and 50 paisa. The 0.263 percent cash dividend for tax purpose is worth Rs 1 crore 6 lakh 32 thousand 320 and 89 paisa. Thus, total proposed dividend is Rs 21 crore 26 lakh 52 thousand 478 and 39 paisa. This will distribute after 29th annual general meeting approves it.
The company has called its 29th annual general meeting on Ashwin 27. For dividend distribution and meeting purpose, book closure date is on Ashwin 13. This means shareholders registered until Ashwin 12 are eligible for dividend.
Sarbottam Paints Proposes 10 Percent Bonus Shares
Sarbottam Paints Industries Limited proposed 10 percent bonus shares after passing financial statements of fiscal year 2082/83. The 85th board of directors meeting held on Bhadra 28 proposed this dividend.
The company proposed to distribute 10 percent bonus shares of its current paid-up capital of Rs 34 crore, which equals to Rs 3 crore 40 lakh. For tax purposes, company also proposed Rs 17 lakh 89 thousand 474 cash dividend. This dividend will distribute to shareholders after approval from concerned regulatory authorities and upcoming 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.
