NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has directly credited a 15% cash dividend to the bank accounts of its shareholders and encouraged them to dematerialize their shares.
During the 6th Annual General Meeting held on the 6th of Poush, 2080, NICLBSL approved a 15% cash dividend for the fiscal year 2079/80. The board of directors, in a meeting on Kartik 1st, decided to disburse the entire dividend in cash. With the company’s paid-up capital standing at Rs. 1.73 Arba, the cash dividend amounts to just over Rs. 26.09 crores.
In addition, NICLBSL has urged shareholders, especially those who haven’t updated their bank information within the Demat account, to dematerialize their shares.
Moreover, eligible investors who have borrowed against the company’s shares before the book closure date are required to submit a No Objection Letter from their lending institution to receive the dividend.