Laxmi Laghubitta 6th AGM successfully conducted; approves 10% stock & 16.32% cash dividend
Mon, Nov 20, 2017 10:00 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Laxmi Laghubitta Bittiya Sanstha Limited has successfully conducted its 6th Annual General Meeting (AGM) on Mangsir 3, 2074.The AGM was held at the Agrawal Bhawan, Kamalpokhari, Kathmandu.
The AGM has approved to issue 10 percent stock and 16.32 percent for cash dividend including for tax purpose from the profit it had earned in the FY 2073/74 and its capital reached 24.20 crore after issuance of stock dividend.
As per press release published yesterday, the microfinance company has got its license approval from NRB on Falgun 23, 2074 and since then it has been working as a class 'D' company. It has 70% shares of Laxmi bank and 30% shares of general public. Laxmi Laghubitta has been providing services from its 54 branches expanded in 39 districts.
Moreover, the company has extended Rs 2.35 arba in loans and collected Rs 73 crore in saving deposits. It has earned Rs 3.54 crore operating profit till Ashwin 2074. The microfinance company aims to add 10 more branches in near future.
As per press release published yesterday, the microfinance company has got its license approval from NRB on Falgun 23, 2074 and since then it has been working as a class 'D' company. It has 70% shares of Laxmi bank and 30% shares of general public. Laxmi Laghubitta has been providing services from its 54 branches expanded in 39 districts.
Moreover, the company has extended Rs 2.35 arba in loans and collected Rs 73 crore in saving deposits. It has earned Rs 3.54 crore operating profit till Ashwin 2074. The microfinance company aims to add 10 more branches in near future.
