Swabalamban Laghubitta Calls Out AGM; Book Close on December 17

Dec 06, 2019 02:05 PM Merolagani

Swabalamban Laghubitta (SWBBL) has called out its 18th AGM on January 20. The 316th board of directors meeting of the company held on December 2 decided call the AGM in Alice Reception, Gairidhara, Kathmandu.

The AGM is scheduled to endorse a proposal of distributing 40 percent dividend including 26 percent stock and 14 percent cash dividend including tax to the shareholders.

Moreover, the meeting will approve annual financial reports of the company, revise the amount of authorized capital in its article of association, delegate authority to BOD to amend its article of association and regulations and forward acquisition process with suitable partners.

In this regard, the company is closing its book on December 17, thus, the shareholders registered in its book till December 16 will be eligible to attend the AGM and obtain the announced dividend.

Presently, the company has a paid-up capital of Rs 628.8 million that will reach Rs 792.3 million after the bonus share distribution.

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