Nirdhan Utthan Laghubitta to Convene AGM on Falgun 12; Company to Endorse 20% Dividend for FY 2078/79
Thu, Feb 2, 2023 9:57 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has called its 24th AGM on 12th Falgun, 2079. The meeting will be held in the company's head office located at Bhagwatibahal, Kathmandu, starting at 10 am that day.
Among other agendas, the AGM will endorse the 20% dividend for the fiscal year 2078/79. The 295th meeting of the board of directors held on Poush 19 has decided to distribute the 20% dividend worth Rs. 43.90 Crores for its shareholders from the profits of FY 78/79. The paid-up capital of the company is Rs. 2.19 Arba. 1% cash dividend worth Rs. 2.19 Crores and 19% bonus shares worth Rs. 41.70 Crores have been proposed.
Furthermore, there is also 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 2 directors each from promoter shareholding group "A" and public shareholding group "B".
The book closure date is from Falgun 2 to Falgun 12. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.
