Kathmandu. Gurans Laghubitta Bittiya Sanstha has called its 10th Annual General Meeting (AGM).
A meeting of the Board of Directors of the Association has decided to hold the AGM on November 11. 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.
The organization has decided to close the book on November 30 for the purpose of dividends and meetings. This means that only the shareholders who have been held before November 30 will be eligible to receive the dividend and participate in the meeting.
