Kathmandu. Gurans Laghubitta Bittiya Sanstha has decided to close its book on November 30 for dividend and MEETING. This means that only shareholders who have remained in the company as of October 13 will be eligible to receive the dividend and participate in the meeting.
The organization is in the financial year 2081. The company has proposed 15 percent dividend 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 organization is holding a meeting on November 12 to endorse the proposal. The assembly will begin at 10:00 am at the Hile Kanjirowa Makalu Hotel in Hile, Dhankuta-1.
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.
