Suryodaya Laghubitta (SLBS) Calls AGM; Agenda to Endorse Dividend, Elect Board Members, and Approve FPO Issuance

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has called its 8th AGM on 31st Chaitra, 2077. The AGM will be held in Sahayatri Party Palace, Syangja, starting at 8 am that day.

Among other proposals, the AGM will endorse the 16.15% dividend for the fiscal year 2076/77. The 157th meeting of the board of directors held on Chaitra 01 has decided to distribute 15.34% bonus shares and 0.8% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 21,50,42,925, the bonus shares are worth Rs. 3.3 crores and the cash dividend is worth Rs. 17,36,842.11.

The AGM will also elect four board members from the promoters and two from the general investors. The existing promoter to public shareholding ratio is 78.24: 21.75. This AGM will discuss the issuance of FPO to increase public shareholding to 30%.

The book closure date is declared on Chaitra 19. Thus, investors maintained before that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Chaitra 19 to Chaitra 31.

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