Manjushree Finance Limited has decided to distribute a total of 20 percent dividend to its shareholders based on the profit earned in the fiscal year 2082/83.
Dividend Announcement
The 338th meeting of the Board of Directors held on Thursday decided to distribute this dividend. The proposal includes a 5 percent bonus share and 15 percent cash dividend for the shareholders.
Breakdown of the Proposal
Currently, the paid-up capital of the company stands at 1 arba 35 crore 15 lakh 52 thousand 848 rupees and 80 paisa. Based on this capital, the 5 percent bonus share is worth 6 crore 75 lakh 77 thousand 642 rupees and 44 paisa. Similarly, the company has proposed to give 20 crore 27 lakh 32 thousand 927 rupees and 32 paisa as cash dividend. The company says that this cash dividend amount also covers the tax required for both the bonus shares and the cash dividend payment.
Next Steps
The dividend will be given to the shareholders only after getting approval from the Nepal Rastra Bank. Once the central bank approves it, the proposal will be passed in the upcoming annual general meeting of the company before the distribution process is start.
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.
