Asha Laghubitta Receives NRB Approval for 10% Dividend Proposal

Asha Laghubitta Bittiya Sanstha Limited has received approval from the Nepal Rastra Bank (NRB) for its proposed dividend distribution. With the central bank’s approval, the company can now move forward to have the dividend officially endorsed through its upcoming Annual General Meeting (AGM). The date for the AGM, however, has not yet been finalized.

The company’s Board of Directors, during its meeting held on Kartik 28, decided to distribute a total dividend of 10% from the profit of the fiscal year 2081/82. The proposed dividend includes:

• 9.5% Bonus Shares

• 0.5% Cash Dividend (for tax purposes)

The dividend calculation is based on the company’s current paid-up capital of Rs. 73 crore 30 lakh 46 thousand. Following NRB’s approval, the dividend will only be distributed after it is endorsed by the AGM.

Asha Laghubitta has stated that the AGM date will be announced soon.