Kathmandu. Today is the last day to secure dividend of Gurans Laghubitta Bittiya Sanstha and Muktinath Agriculture Company.
Both the companies have decided to close the book on November 30 for the purpose of dividend and AGM. This means that only the shareholders of these two companies will be eligible to receive the dividend and participate in the meeting.
Gurans Laghubitta has decided to hold its 10th Annual General Meeting (AGM) on November 10. The assembly will begin at 10:00 am at the Hile Kanjirowa Makalu Hotel in Hile, Dhankuta-1.
The Board of Directors of the Association proposed the fiscal year 2081. The company will approve a total dividend of 15 percent of the current paid-up capital of Rs 11,58,49,500 from the distributable profit of the company. This includes 14.25 percent bonus shares and 0.75 percent cash dividend (for tax purposes).
The meeting will endorse a special proposal to amend the Memorandum of Association and Articles of Association accordingly as the capital of the Association will increase after the distribution of bonus shares. The meeting will also endorse a proposal authorizing the Board of Directors to amend the Memorandum of Association and Articles of Association if directed by the regulatory bodies.
The AGM will appoint 4 directors representing promoter shareholders. The meeting will approve the annual and auditor’s report of the previous fiscal year. The meeting will approve the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
Meanwhile, Muktinath Agriculture Company has called its seventh annual general meeting on November 7.
The AGM will endorse a proposal of distributing 8.42 percent dividend out of the current paid up capital of Rs 700 million. Out of this, 8 percent will have bonus shares worth Rs 55.99 million and cash dividend of 0.42 percent for tax purposes.
The AGM will also endorse a special resolution on the issuance of 60 percent right shares of Rs 755.99 million after the bonus share distribution. The meeting will approve the annual report and the auditor’s report for the fiscal year and approve the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
