AGM of Summit Laghubitta to be convened on Poush 27; Shareholders to receive 23.53% bonus shares

Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has proclaimed its AGM to be convened on Poush 27, 2075. The meeting will be convened in the premises of Agrasen Bhawan, Birtamode, Jhapa at 8:30 AM.

The main agendas of the meeting include:

1. To endorse 23.53% bonus shares worth Rs 4 crore for its shareholders and to increase the issued capital and paid capital of the company.
2. To approve the decision to issue 50% right shares after adjustment of bonus shares
3. To make amendments in the MoA and regulations and to provide approval to the BOD to make such changes in future

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76 and distribution of Rs 21.05 lakhs as cash dividend for tax purpose.

For the purpose of the AGM, the shareholders register book will remain closed from Poush 16 till Poush 27 i.e. the shareholders holding the shares till Poush 15 will be able to receive 23.53% bonus shares.