Himalayan Laghubitta Proposes 7% Dividend for Shareholders

Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has announced a dividend for its shareholders from the profits of the previous fiscal year. The microfinance institution has proposed a total dividend of 7 percent on the current paid-up capital. As per the decision, 6.65 percent will be distributed as bonus shares, while 0.35 percent will be given as cash dividend to cover tax obligations.

The decision was approved during the board meeting held on Mangsir 11. The proposed dividend will be distributed only after receiving approval from Nepal Rastra Bank and endorsement from the company’s upcoming Annual General Meeting (AGM).