Today is the last day to secure dividends of Machhapuchchhre Bank and Kalinchok Darshan
As Machhapuchchhre Bank and Kalinchok Darshan are closing their books for dividends and annual general meetings, only shareholders on record until today, Ashwin 8, will be eligible to receive dividends and participate in the meetings. Both companies will pass dividend and rights share proposals at their respective annual general meetings.
Machhapuchchhre Bank and Kalinchok Darshan have today, Ashwin 8, as the last day to secure dividends. Since these two companies will close their books on Ashwin 9 and 12 respectively, only shareholders on record until today will receive dividends.
Machhapuchchhre Bank has decided to close its books on Ashwin 12 for dividend and meeting purposes. This means that only shareholders on record until today, Ashwin 8, will be eligible to receive the bank's dividend and participate in the meeting. Similarly, Kalinchok Darshan has also decided to close its books tomorrow, Ashwin 9, for dividend and meeting purposes. This means that only shareholders on record until today, Ashwin 8, will be eligible to receive the company's dividend and participate in the meeting.
Machhapuchchhre Bank has decided to hold its 28th Annual General Meeting on Ashwin 28. The meeting will begin at 11 AM at Hotel Pokhara Grande in Pardi, Pokhara. The meeting will pass a total dividend of 6 percent from the proposed distributable profit for the last fiscal year 2082/83 on the current paid-up capital. This includes:
- 3 percent bonus shares equivalent to Rs 362,586,347
- 3 percent cash dividend (including tax) equivalent to Rs 362,586,347
Similarly, Kalinchok Darshan has decided to hold its 12th Annual General Meeting on Ashwin 16. The meeting will begin at 11:30 AM at German Homes Hotel in Gatthaghar, Bhaktapur. The meeting will approve a total dividend of 8.9474 percent on the current paid-up capital of Rs 630 million for fiscal year 2082/83. This includes:
- 8.5 percent bonus shares equivalent to Rs 53,550,000
- 0.4474 percent cash dividend for tax purposes equivalent to Rs 2,818,421.05
The meeting will also pass a special proposal to issue 1:1 ratio rights shares, i.e., 100 percent rights shares, on the paid-up capital after bonus share distribution. Since the paid-up capital will increase after bonus share distribution, another special proposal to amend the memorandum and articles of association accordingly will also be approved.