First Microfinance Laghubitta to Conduct 13th AGM on 30th Poush; When's the Book Closure for 20% Dividend?

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has called its 13th AGM on 30th Poush, 2079. The meeting will be held in the Amrapali Banquet, Bhatbhateni, Kathmandu, starting at 10 am that day.

Among the other agendas, the AGM will endorse a 20% dividend for FY 2078/79. The 198th meeting of the board of directors held on Mangsir 15 decided to distribute the dividend on the paid-up capital of Rs. 96.44 Crores. 19% bonus shares and a 1% cash dividend (for tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 18.32 crores and the cash dividend is worth a little over Rs. 96.44 lakhs.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2079/80. The meeting will also elect 3 directors from the promoter shareholding group (Group A).

Poush 17 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.