National Laghubitta Bittiya Sanstha Limited (NMFBS) has recently disbursed a 7.5% cash dividend directly to the bank accounts of its shareholders and emphasized the importance of dematerializing their shares. The decision came following the company’s 10th Annual General Meeting for the fiscal year 2079/80, held on the 16th of Chaitra, 2080. During the AGM, the company approved a 15% dividend for the fiscal year 2079/80.
In a subsequent board meeting held on Magh 22, it was decided to allocate the dividend based on the paid-up capital of Rs. 1.08 Arba. The proposal included distributing 7.5% bonus shares and 7.5% cash dividend for tax purposes, amounting to Rs. 16.26 crores each.
NMFBS has urged its shareholders to dematerialize their shares, especially if they need to update their bank information in the Demat account to facilitate the smooth receipt of dividends. Shareholders who have utilized their shares as collateral for loans before the book closure date are required to furnish a No Objection Letter from their lending institution to receive the dividend.
Furthermore, the company has issued a reminder to investors who have not yet claimed their cash dividends to visit the respective banks where their accounts were opened to collect their dividend payments. This proactive approach aims to ensure that all entitled shareholders receive their rightful dividends in a timely manner.