9th AGM of Swarojgar Laghubitta on Kartik 11; to endorse 100% right & 16.66% bonus shares

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) will be convening its 9^th Annual General Meeting (AGM) on Kartik 11, 2074. The AGM is going to be held at C.W. Restaurant, Kamaladi, Kathmandu at 11:30 AM. The main agendas of the AGM are:

• To endorse 16.66% bonus shares and 0.88 % cash dividend (for tax purpose) to its shareholders from the profit of the FY 2073/74. Shareholders who had applied for its recently concluded 50% right share are also eligible for 16.66% bonus share.
• To endorse 1:1 (100%) right shares.
• To increase authorized and paid up capital.
• To make national level by increasing working areas.
• To amend the name of the microfinance company.
• To conduct election for the 3 Board of Directors (BOD).
• To amend Memorandum of Association (MOA) and Articles of Association (AOA).
• To change the address of regional office.

Other agendas of the microfinance company include major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set on Ashwin 23 to Kartik 11, 2074.  Only those shareholders owning their shares till Ashwin 22, 2074 are eligible for 16.66% bonus and for participation in the AGM. SLBBL had distributed 30.4% bonus share in FY 2072/73. The microfinance company’s paid up capital after issuance of 50% right shares stood Rs 10.49 crore. Likewise, after issuance of 16.66% bonus and 100% right shares its paid up capital will reach Rs 24.47 crore. It had earned net profit of Rs 2.86 crore in the fourth quarter of the FY 2073/74.