Shree Investment and Finance proposes 26.57% bonus shares for shareholders; No cash for tax purpose

264th Bod meeting of the company held on 21st Baisakh, 2075 has proposed 26.57% bonus shares for the shareholders, out of the net profit of fy 2073/74. The 83% right shareholders are also eligible for the bonus shares. 

 The company will issue bonus share worth Rs 16.79 crores. The decision is however subject to approval from central bank and company's upcoming AGM. The company's capital will meet the NRB's requirement for finance companies. 

Shree Investment and Finance was last traded for Rs 231 in the stock exchange.