RMDC Laghubitta Bittiya Sanstha Limited has proposed a 25% dividend.
The 364th meeting of the board of directors held on Wednesday morning(Mangsir 15) has decided to distribute the dividend on the paid-up capital of Rs. 1.03 Arba. 20% bonus shares worth Rs 20.68 crores and 5% cash dividend (including tax) worth Rs 5.17 crore have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company’s upcoming AGM. As of writing, RMDC has an LTP of Rs. 1,403.