Kumari Bank Limited has proposed to distribute a 2.1053 percent cash dividend to its shareholders from the profit of fiscal year 2082/83.
Kumari Bank Limited has announced that it will distribute a cash dividend to its shareholders. The bank has proposed a 2.1053 percent cash dividend from the profit of the fiscal year 2082/83. This cash dividend also includes the tax required for the dividend.
Decision by the Board of Directors
The board of directors meeting of the bank was held on Bhadra 30. In this meeting, the board decided to approve financial reports of the fiscal year 2082/83. They have decided to sending these reports to Nepal Rastra Bank for final approval.
Next Steps for Dividend Distribution
After Nepal Rastra Bank approves these financial reports, the bank will present the dividend proposal in its upcoming Annual General Meeting. Once the shareholders in the AGM approve it, the cash dividend will be distributed to everyone.
Current Paid-Up Capital of the Bank
Currently, the paid-up capital of Kumari Bank is Rs. 26 arba 22 crore 58 lakh 61 thousand 340. The bank has also cleared that they are not proposing any bonus shares for shareholders this time, and only cash will be distributed.
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.
