Kathmandu. Swabhiman Laghubitta Bittiya Sanstha has called for its annual general meeting. The meeting of the board of directors of the organization held on Chaitra 25 has called for the meeting to be held on Baisakh 19 at the organization’s central office in Tilottama, Rupandehi.
The meeting will approve a total dividend of 5.2632 percent of the proposed paid-up capital for the last fiscal year 2080.81. This includes 5 percent bonus shares and 0.2532 percent cash dividend for tax purposes. The company has stated that since the paid-up capital of the company will increase after the bonus share distribution, it will pass a special resolution to amend the memorandum of association and regulations accordingly.
The company will also approve another special resolution to grant the board of directors full authority to act and cause to be acted upon by the regulatory bodies if necessary instructions are received from them while amending the memorandum of association and regulations.
The company has stated that the company will pass the annual and auditor’s reports for the previous fiscal year and approve the proposal regarding the appointment of the auditor for the current fiscal year and the determination of his remuneration.
The company will also pass a proposal to nominate a vacant director position. For the purpose of dividend and annual general meeting, the organization has decided to close its books on April 11. Only shareholders who hold shares as of April 10 will be eligible to participate in the annual general meeting of the organization and receive dividends.
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