Mahalaxmi Bikas Bank Limited has successfully completed the electronic transfer of its approved cash dividend to the bank accounts of all eligible shareholders. This milestone marks the effective implementation of financial resolutions passed during the bank’s 24th Annual General Meeting (AGM) on Poush 21, 2082, at the Tribhuvan Army Officers Club, Kathmandu.
The AGM approved a total dividend of 10.37 percent, comprising 5.37% cash dividend and 5% bonus shares. Each shareholder receives approximately NPR 537 per 100 shares after mandatory tax deduction. Bonus shares will be credited to Demat accounts once listed on the Nepal Stock Exchange.
To determine shareholder eligibility, the bank conducted a book closure on Poush 7, 2082, meaning only those holding shares until Poush 6 are entitled to this year’s dividend. Shareholders are urged to update bank and Demat account information to ensure smooth receipt of both cash and bonus shares.
Chairman Rajesh Upadhyay highlighted the bank’s strong financial position, with deposits reaching NPR 56.22 billion and a capital adequacy ratio of 17.06%, reflecting consistent financial stability and the bank’s capacity to deliver dividends.
The timely dividend distribution demonstrates Mahalaxmi Bikas Bank’s commitment to transparent corporate governance, investor trust, and sustainable growth. Shareholders are advised to verify their accounts to confirm receipt of both cash and bonus shares.
