National Laghubitta Bittiya Sanstha Calls AGM on Mangsir 24; To Endorse Dividend and FPO Plans

National Laghubitta Bittiya Sanstha Limited (NMFBS) has called its 11th AGM on 24th Mangsir, 2081. The meeting will be held in Araniko Party Palace, Banepa, Kavrepalanchowk, starting at 11:00 AM that day.

Among the other agendas, the AGM will endorse a 15% dividend for the fiscal year 2080/81. The 179th board of directors meeting on Kartik 8 decided to distribute the dividend on the paid-up capital of Rs. 1.16 Arba. 14.25% bonus shares and 0.75% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are worth Rs. 16.60 crores, and the cash dividend is worth Rs. 87.41 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 2081/82. Furthermore, NMFBS aims to preserve the promoter-to-public shareholding ratio at 70:30. To achieve this objective, the company plans to issue a Further Public Offering (FPO) of 7,65,377.64 units.

The book closure date is on Mangsir 18. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.