Last day to secure dividend of Swabhiman Laghubitta

Jan 09, 2020 09:50 AM Merolagani

Today is the last day to secure the dividend of Swabhiman Laghubitta Bittiya Sanstha (SMFBS). The company is closing its book from January 10 for its upcoming AGM, thus, the shareholders registered in its book till January 9 will be eligible to attend the AGM and obtain the announced dividend.

The company is conducting its AGM in Darcy’s International Hotel, Butwal at 11:00 AM.

The meeting will endorse a proposal of distributing 24 percent stock and 1.27 percent cash dividend to its shareholders. Similarly, the meeting will approve a proposal of issuing 3:1 right shares to its existing shareholders.

Moreover, the meeting will elect two board members, appoint one freelance director and delegate authority to BOD to forward the merger/acquisition process with a suitable partner.

Presently, the company has a paid-up capital of Rs 61.8 million that will reach Rs 76.7 million after the bonus share distribution.

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