Grameen Bikas Laghubitta (GBLBS) Calls AGM; What are the Agendas?

Grameen Bikas Laghubitta Bittiya Sanstha Limited has called its 6th AGM on 5th Bhadra, 2078. The meeting will be held in the company's central office in Butwal, starting at 11 am that day.

These are the agendas of the AGM:

1) Endorse the annual report of the fiscal year 2076/77.
2) Endorse the auditor's report with PNL statements, financial reports, and cash flow reports.
3) Endorse the appointment of the auditor for the fiscal year 2076/77.
4) Appoint/ elect 2 board members representing the promoters and 2 board members representing the public investors.

Books will be closed from Shrawan 25 to Bhadra 05. Investors maintained before Shrawan 25 can attend the AGM. The microfinance company has published the third-quarter report of FY 2077/2078 with an outstanding 457.23% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 28.58 crore as compared to Rs. 5.12 crore in the corresponding quarter of the previous year.

The growth in net profit is mainly contributed by the rise in net interest income and write-back amount. The net interest income (core revenue) has increased by 29.89% to Rs. 86.15 crore compared to Rs. 66.33 crore in the corresponding quarter of the previous year. Its annualized earnings per share (EPS) stand at Rs. 38.79. The net worth per share is Rs. 176.27. The company traded at a P/E multiple of 31.14 times.

AGM Notice