Kathmandu. Swalamban Laghubitta Bittiya Sanstha Limited has called its 24th Annual General Meeting (AGM) on January 8. The meeting will begin at 11:00 am at Lisara Reception, Naxal.
The AGM will endorse a special proposal of distributing 5.6365 percent bonus shares on the current paid-up capital and 4.3635 percent cash dividend for tax purposes.
The AGM will also endorse a proposal to convert promoter shares to general public to be 9 percent of the existing promoter shares, maintain promoter-ordinary share ratio at 51:49, amend the Memorandum of Association and Articles of Association and authorize the Board of Directors to carry out merger or acquisition with other suitable microfinances.
The meeting will also approve the proposal to inform about the appointment of independent directors and representative directors in the Board of Directors and appoint an auditor.
The company is closing the book for one day on December 27 for the purpose of AGM and dividend distribution. Accordingly, the shareholders who have been traded in NEPSE till December 22 will be able to participate in the meeting and receive the proposed dividend.
1765858811803
