Last day to secure dividend of two microfinance and one finance company

Dec 16, 2019 10:25 AM Merolagani

Today is the last day to secure dividend of three listed companies including Swabalamban Laghubitta, Nepal Agro Laghbitta and Shree Investment and Finance.

The companies are closing their books on December 17, thus, the shareholders registered in their books till December 16 will be eligible to attend the AGM and obtain the announced dividend.

Swabalamban Laghubitta (SWBBL) is conducting its 18th AGM on January 20 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.

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.

Similarly, Nepal Agro Laghubitta Bittiya Sanstha (NAGRO) is conducting its 4th AGM on December 28 in City Square Pvt. Ltd. Newroad, Pokhara  at 9:00 AM.

The meeting is scheduled to endorse a proposal of distributing 15 percent stock and cash dividend of Rs 393,245 to the shareholders.

The meeting will also delegate authority to BOD to amend article of association and policies and elect two directors from ordinary shareholders. 

Nepal Agro Laghubitta, headquartered at Parbat and NESDO Samridha Laghubitta, headquartered at Kaski signed a merger agreement on October 4, however, no agenda regarding the merger has been listed for the AGM.

Likewise, Shree Investment and Finance (SIFC) is conducting its 25TH AGM in Aamrapali banquet, Bhatbhateni, Kathmandu at 10:00 AM.  

The meeting will endorse a proposal of distirbutiion13 percent dividend including 10.65 percent stock and 2.35 percent cash dividend including tax to the shareholders.

Presently, the company has a paid-up capital of Rs 810 million that will reach Rs 829 million after the bonus share distribution.

Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partner.

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