Samaj Laghubitta (SAMAJ) Unveils Book Closure Date for 15% Dividend; Calls AGM On Shrawan 31

Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) has unveiled the book closure date for its 15% dividend from Shrawan 21 to Shrawan 31 and has called its 5th AGM on 31st Shrawan, 2080. The meeting will be held in Janaki Family Hotel and Party Palace located at Sarlahi. Therefore, the shareholders maintained before 31st Shrawan are entitled to dividend payout and can attend this AGM.

Among the other agendas, the AGM will endorse a 15% dividend for the fiscal year 2078/79. 14.25% bonus shares and a 0.75% cash dividend have been proposed from the paid-up capital of Rs. 2 Crores. Thus, the bonus shares are worth Rs. 28.50 lakhs, and the cash dividends are worth Rs 1.5 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 2079/80. Also, give full authority to the BoDs or a person designated by the BoDs to carry out all the necessary work related to the merger/acquisition.

The LTP of SAMAJ is Rs. 73.50 as of July 24, 2023. The shares of the company started trading recently as the trading was on hold since 2020 when Samaj Laghubitta and Swastik Laghubitta signed a merger agreement, aiming to combine their operations and create a stronger entity. However, before the shares could be traded in the secondary market, the agreement was terminated. Samaj Laghubitta's CEO had previously stated that the shares would be traded after obtaining a "de-merge" letter from Nepal Rastra Bank. Unfortunately, even after three years, the company was unable to obtain the necessary document, indicating its inability to fulfill shareholders' right to information.