Vijaya Laghubitta Calls AGM on Chaitra 28 to Endorse 21.052% Dividend and Merger Related Agendas

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has called its 10th AGM on 28th Chaitra, 2079. The meeting will be held in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi, starting at 11:30 AM that day.

Among the other agendas, the AGM will endorse a 21.0526% dividend worth Rs. 6.73 Crores for the fiscal year 2078/79. The meeting of the board of directors held on Magh 10 decided to distribute the dividend on the paid-up capital of Rs. 32 Crores. 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly over Rs. 33.68 lakhs have been proposed. The meeting will discuss converting a maximum of 10% of the promoter shares to public shares so that the promoter shares of the company do not decrease to 51 percent. The present promoter to public shareholding ratio of the company is 70: 30.

Furthermore, the AGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Memorandum of Understanding, and endorse a share swap ratio of 1:1 for a merger between Vijaya Laghubitta and Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB). The proposal to provide the BoDs authority to oversee all the procedures related to the merger will be approved during the meeting.

The book closure date is from Chaitra 16 to Chaitra 28. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM Notice