Naya Sarathi Laghubitta (NSLB) Calls AGM to Endorse Dividend and Discuss FPO Issuance

Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) has called its 13th AGM on Baisakh 10, 2079. The meeting will be streamed virtually to shareholders starting at 3 pm that day.

Among other agendas, the AGM will endorse a 20% dividend for the fiscal year 2077/78. The 33rd meeting of the board of directors held on Falgun 10 decided to distribute the dividend on the paid-up capital of Rs. 25,49,54,000. 19% bonus shares and 1% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 4.84 crores and the cash dividend is worth Rs. 25.49 lakhs.

The cash dividend has been proposed for the tax amount on bonus shares for shareholders who bought the shares of NSLB after commencement of joint operation of Sarathi Laghubitta and Naya Nepal Laghubitta on Ashwin 05, 2077.

This AGM will also discuss issuing a follow-on public offering (FPO) to the general public in order further raise the paid-up capital.

The book closure is on Chaitra 23. Thus, investors maintained before that day are entitled to the dividend payout and can also attend the AGM.

NSLB closed at Rs. 1,343 last week.