RSDC Laghubitta 4th AGM today; to endorse 13% bonus shares; 60% right shares in pipeline

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) is convening its 4^th Annual General Meeting (AGM) today (Mangsir 8, 2074). The AGM is being held at Asian Hotel, Butwal at 9:00 AM. The main agendas of the AGM are:

• To endorse 13% bonus share from the net profit of FY 2073/74.
• To endorse issuance of 60% right shares to its shareholders after issuance of 13% bonus and ongoing 200% right share
• To increase its authorized, issued and paid up capital.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Kartik 24 to Mangsir 8, 2074. Thus only those shareholders owning their shares till one day ahead of the book closure date, i.e. till Kartik 23, 2074 are eligible to participate in the AGM and proposed dividends. After adjustment of 13% bonus and 200% right share, its paid up capital will reach Rs 35.99 crore. Finally, after 60% right share issuance, its paid up capital will reach Rs 57.60 crore. As per NRB’s directive for wholesale lending microfinance companies, RSDC should increase its paid up capital to a minimum of Rs 60 crore by the end of FY 2074/75. RSDC had earned Rs 1.96 crore in the fourth quarter of the FY 2073/74. Click here to see announcement.