The moves comes a day after the 8th AGM of the class ‘B’ development bank decided to provide 25 percent dividend — 20 percent bonus share and 5 percent cash — to the shareholders from the net profit it earned in the last fiscal year .
The warrant can be collected from its RTS, Growmore Merchant Banker Limited from 10:00 AM to 3:00 PM from Sunday through Thursday, and from 10:00 AM to 1:30 PM on Friday.
Yesterday’s AGM also gave full authority to the bank’s BoD to explore the possibility of a merger with other BFIs.
In the fiscal year 2069/70, the net profit of the bank had increased by 64.89% to Rs 3.295 crore, up from 1.998 crore.
Likewise, the bank’s deposits also surged by 27.91% to Rs 98.82 crore from Rs 77.62 crore.
Loan figure also grew by 43.71% to Rs 84.63 crore from 58.62 crore.
The bank EPS hovers around Rs 30.41 and the net worth stands at Rs 140.69.
-sharesansar
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