Last day to secure dividend of three companies

Jan 26, 2020 10:11 AM Merolagani

Today is the last day to secure dividend of three companies including Himalayan Bank, Deprosc Laghubitta and Nagbeli Laghubitta.

The companies are closing their books on January 27 for their upcoming AGM, thus, the shareholders registered in their books till January 26 will be eligible to attend the AGM and obtain the announced dividend.

Himalayan Bank (HBL) is conducting its AGM on February 12 in Tribhuwan Army Officers Club, Bhadrakali.

The AGM is supposed to endorse a proposal of distributing 10 percent stock and 12 percent cash dividend including tax to its shareholders.

Moreover, the meeting will elect 5 directors from promoter shareholders, increase its authorized capital to Rs 12 billion, appoint an independent director and delegate authority to BOD to amend the article of association and regulation.

Nepal Rastra Bank (NRB), the central bank of the country, approving its annual report of FY 2075/76 directed the bank to solve its internal dispute and elect board members within 30 days.

Similarly, Deprosc Deprosc Laghubitta Bittiya Sanstha (DDBL) is conducting its 18th AGM on February 9 in Bharatpur Garden Resort, Bharatpur, Chitwan at 11:00 AM.

The AGM is supposed to endorse a proposal of distributing 45 percent dividend including 30 percent stock and 15 percent cash dividend to its shareholders.

Moreover, the meeting will endorse a proposal of increasing its authorized capital to Rs 2 billion, relocate its registered office and delegate authority to BOD to carry out merger/acquisition process.

Presently, the company has a paid-up capital of Rs 773.4 million that will reach Rs 1.74 billion after the bonus share distribution.

Likewise, Nagbeli Laghubitta Bittiya Sanstha (NBBL) is conducting is 10th AGM on February 9 in City Party Palace, Birtamod, Jhapa at 10:30 AM.

The meeting will endorse a proposal of distributing 26 percent stock and 1.368 percent cash dividend for tax propose. Moreover, the meeting will also issue 4:1 right share of the paid-up capital maintained after bonus share distribution and restructure its share ownership to 51:49 of promoter and ordinary shares following NRB directive.

Similarly, the AGM will also delegate authority to BOD to forward merger/acquisition process after its failed attempt to merge with Kisan and Mirmire Laghubitta.

In this regard the company is close its book on January 27. Given that the company was previously in merger process with Kisan and Mirmire Laghubitta, stock trading of all three companies has been suspended since May 13.


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