Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) has taken a major step towards rewarding its shareholders with a generous dividend proposal of 21.05%.
The proposed amount, which stands at Rs. 43.57 lakhs, is a testament to the company’s remarkable performance in the fiscal year 2078/79. The decision to distribute the dividend was taken at the recent meeting of the board of directors on Magh 18, and it is based on the paid-up capital of Rs. 2.07 crores. The proposal includes 20% bonus shares, which come to a total of a little over Rs. 41.40 lakhs, and 1.05% cash dividend, which is worth a little over Rs. 2.17 lakhs, specifically for tax purposes.
This is a historic moment for ADLB as it marks the company’s first-ever dividend proposal. The company’s exceptional financial results have allowed it to make this generous offer to its shareholders, and it is a reflection of its commitment to creating value for its stakeholders.
However, the distribution of the dividend is subject to the approval of the central bank and endorsement at the company’s upcoming Annual General Meeting. Shareholders are eagerly awaiting its finalization. The company’s management team is confident that the proposal will be approved, and they look forward to sharing the rewards of their hard work and success with the shareholders.