Kalinchowk Darshan Limited (KDL) has proposed an 8.9474% dividend for its shareholders for the fiscal year 2082/83.
The proposal was made at the company’s Board of Directors meeting held on Bhadra 24, subject to approval from the company’s upcoming Annual General Meeting (AGM).
8.5% Bonus Shares Proposed
Under the proposed dividend plan, Kalinchowk Darshan Limited (KDL) will issue 8.5% bonus shares, amounting to approximately Rs. 5.35 crore. The bonus shares will be issued based on the company’s existing paid-up capital of Rs. 63 crore.
The proposed bonus issue is aimed at distributing a portion of the company’s earnings to shareholders in the form of additional shares.
Cash Dividend for Tax Purposes
Alongside the bonus shares, the Kalinchowk Darshan Limited (KDL) has proposed a 0.4474% cash dividend worth approximately Rs. 28.18 lakh. The cash component has been proposed specifically to cover the applicable tax liability on the bonus shares.
Together, the proposed 8.5% bonus shares and 0.4474% cash dividend bring the total proposed dividend to 8.9474% for FY 2082/83.
AGM Approval Required
The proposed dividend is not yet final. The distribution will be made only after the proposal is endorsed by the company’s upcoming Annual General Meeting (AGM) and meets the applicable regulatory requirements.
Following AGM approval and completion of the necessary procedures, eligible shareholders will receive the proposed bonus shares and cash dividend.
