Mithila Laghubitta Calls Out AGM; To Convert 19% Promoter Shares to Ordinary Shares

Mar 11, 2019 Merolagani

Mithila Laghubitta Bittiya Sanstha (MLBSL) has called out its AGM on April 6. The 173rd board of directors of the company held on March 10 decided to call the AGM in conference hall of Bauba Hotel, Mithila-10, Lalgadh, Dhanusha.

The meeting will endorse a proposal of distributing 10.45% stock and 0.54% cash dividend for tax purpose. The AGM will also approve a proposal of decreasing its promoter shareholdings to 51 percent from existing 70 percent.

Moreover, the meeting will amend its article of association and policies and delegate authority to BOD to forward merger or acquisition process.

In this regard, the company is closing its book on March 25, thus, the shareholders registered in its book till March 24 will be eligible to attend the AGM and obtain the announced dividend.

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