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

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) is convening its 9^th Annual General Meeting (AGM) today (Kartik 11, 2074). The AGM is being 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 was 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.