RSDC Laghubitta proposes 5% cash and 5% bonus ; Paid up capital to reach 60.47 crores

The 73th board meeting of RSDC laghubitta held on 13th Ashwin has proposed the distibution of 10% dividend for shareholders.

The proposed dividend is from the profit of fy 2074/75 that includes 5% bonus and 5% cash.  The decision is however subject to approval from Central bank ad company's upcoming AGM. The company will be distributing cash dividend of Rs 2.87 crores whereas the stock dividend will worth also worth the same amount. 

RSDC currently has a paid-up capital of Rs 57.59 crores which will hike tp Rs 60.47 crores after the capitalization of dividend. RSDC Laghubitta is a wholesale microfinance and needed to have a paid-up capital of Rs 60 crores.