Global IME Laghubitta Calls AGM on 24th Falgun; Company to Endorse 20% Dividend for FY 2078/79

Global IME Laghubitta Bittiya Sanstha Limited (GILB) has called its 10th AGM on 24th Falgun, 2079. The meeting will be held in Best Resort Pvt. Ltd., Pokhara, starting at 9 am that day.

Among the other agendas, the AGM will endorse a 20% dividend worth Rs. 11.05 crores for the fiscal year 2078/79. The board of directors meeting held on Magh 04 decided to distribute the dividend on the paid-up capital of Rs. 55.25 crores. 12% bonus shares and 8% cash dividend (for tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 6.63 crores and the cash dividend is worth a little over Rs. 4.42 crores. The meeting will also elect an independent director.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2078/79 and appoint an auditor for the fiscal year 2079/80. The proposal to provide the BoDs authority to oversee any company-related merger or acquisition procedures will be approved during the meeting. The meeting will also discuss about increasing the company's issued and paid-up capital and then amend the Articles of Association accordingly.

The book closure date is on Falgun 16. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM.

AGM Notice