Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has urged its shareholders to pay the tax amount for 17% bonus shares.
The 4th AGM of the company held on 19th Poush, 2078 endorsed a 17% dividend for the fiscal year 2077/78. The 66th meeting of the board of directors held on Kartik 16 decided to distribute the entirety of the dividend in bonus shares. The paid-up capital of the company during dividend distribution was Rs. 12,11,50,000. Thus, the bonus shares are worth slightly over Rs. 2.5 crores.
Since the company had started a joint operation with Smart Laghubitta on Shrawan 11, 2077 last year, the company has received tax exemption on the dividend proposal. However, shareholders who bought the…
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