Based on the discussions and decisions made during the 57th Annual General Body Meeting, an additional 4 shares have been allotted to all society members starting from 01.04.2020. The amount for these additional shares, totalling Rs. 4,000 (Rs. 1,000 X 4 shares), has been transferred from the members' deposit account to their share account for their convenience and benefit.
Members who joined the society after 01.04.2020 or those whose deposit is less than Rs. 4,000 at the time of the share amount transfer are required to fill out the prescribed application for additional shares and submit it to the office. The additional shares will be issued for these members during the next Board of Directors meeting.
The benefit of having more shares is that members will receive dividends based on the society's profits, with a maximum dividend limit of 25%.
| Financial Year |
Dividend Paid Rate |
2018-19
|
25% |
| 2019-20 |
25% |
| 2020-21 |
15% |
| 2021-22 |
16% |
| 2022-23 |
25% |
| 2023-24 |
25% |
|
