Kathmandu. Swabhimaan Laghubitta Financial Institution is going to close the book for dividend and annual general meeting purposes on April 15. This means that only the shareholders who have been retained till April 15 will be eligible to participate in the annual general meeting of the organization and receive dividends.
The company will approve a dividend of 5.2632 percent from the profit of the last financial year. It has proposed to distribute 5 percent bonus share and 0.2532 percent cash dividend for tax purposes. The company will approve the proposal.
The company has decided to hold its eighth annual general meeting on May 15 to pass the dividend. The meeting will begin at 11:00 am at the central office of the association at Tilottama in Rupandehi.
The assembly will pass a special proposal to amend the management letter and regulations accordingly as the paid-up capital of the organization will increase after the distribution of bonus shares. The Assembly will also approve another special proposal to give to the Board of Directors all the authority to do so accordingly, if necessary instructions are given by the regulatory bodies while amending the Memorandum of Management and Regulations.
The assembly will approve the annual and auditor’s report of the last fiscal year as well as the proposal regarding the appointment of auditors for the current fiscal year and determination of their remuneration. The assembly will also pass a proposal to nominate for the vacant post of director.
