The local bourse adjusted the stock price at Rs 674 after adjusting 12 percent stock dividend. NMB Laghubitta is conducting its 7th AGM on April 8 in City Square Party Palace, Newroad, Pokhara at 11:00 AM.
The meeting will endorse a proposal of distributing 12 percent stock and 0.632 percent cash dividend of the paid-up capital maintained after right issue. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and appoint an auditor for the current FY.
In this regard, the company closed its book from March 23, thus, the shareholders registered in its book till March 22 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 405 million that will reach Rs 453.6 million after the bonus share distribution.
