Last day to secure dividends of Siddhartha Bank, Forward Microfinance and Taragaon Regency Hotel

Feb 28, 2018 Merolagani

Today is the last day to secure dividends of Siddhartha Bank Limited (SBL), Forward Community Microfinance Bittiya Sanstha (FOWAD) and Taragaon Regency Hotel (TRH).

Siddhartha Bank is distributing 14 percent bonus share, Forward Laghubitta is distributing 65 percent and Taragaon Regency is distributing 7.37 percent dividend to their respective shareholders. For the dividend purpose, the companies are closing their book on March 1, thus, the shareholders registered in their book by February 28 will be eligible to attend their AGM and obtain the announced dividends.

Siddhartha Bank is conducting its AGM on March 18 at Rastriya Sabhagriha, Pradanshan Marg, Kathmandu at 11:00 AM. The bank with a paid-up capital of Rs 6.82 billion will raise its capital to Rs 7.78 billion after the bonus share distribution.

The bank is also issuing 10 percent right shares to its existing shareholder from February 14. The paid-up capital will further increase to Rs 8.47 billion after the adjustment of right issue.

Similarly, Forward Community is conducting its AGM on March 18 at FOWAD head office, Duhabi, Sunsari at 11:00 AM. In the AGM, the company will endorse a proposal of distributing 65 percent dividend including 50 percent stock and 15 percent cash dividend to its existing shareholders.

Likewise, Taragaon Regency is conducting its 21st AGM on March 26 at Army Officers Club, Bhadrakali, Kathmandu.

The company has announced of distributing 7.368 percent cash dividend to its shareholders.


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