Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has proposed a 25% dividend for the fiscal year 2077/78.
The 118th meeting of the board of directors held on Kartik 15 has decided to distribute 20% bonus shares and 5% cash dividend from the paid-up capital. The paid-up capital of the company is Rs. 28,56,20,160. Thus, the bonus shares are worth slightly over Rs. 5.71 crores and cash dividend is worth Rs 1.42 crore.
Since the company had started a joint operation with Gharelu Laghubitta on Baisakh this year, the company has received tax exemption on the dividend proposal. Shareholders will not have to pay the tax amount on the dividend proposed.
Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company’s upcoming AGM.
The ordinary shares of the company closed at Rs. 1,550 today.