Book Closure Alert! Last trading day to clinch bonus share and participate on AGM of NADEP Laghubitta

Sun, Apr 21, 2019 7:10 AM on AGM/Special AGM, Book Closure, Latest,

Today is the last trading day to clinch bonus shares of NADEP Laghubitta Bittiya Sanstha Limited (NADEP). The company is convening its 4th AGM on Baisakh 26, 2076. For the purpose of the meeting the shareholders register book will remain closed on Baisakh 9, 2076 i.e the shareholders holding the shares of the bank till today (Baisakh 8, 2076) can claim for dividend and participate on AGM.

The main agendas of the meeting include

  • To endorse 15% bonus shares worth Rs 4.80 crore and 1.58% cash dividend worth Rs 25.26 lakhs (for tax purpose) for its shareholders and changes its AOA and MOA accordingly.
  • To elect 2 new BOD members representing ordinary shareholders group.
  • 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.
  • To provide authority to BOD for merger and acquisition.

The microfinance company had issued 100% right shares to the existing shareholders of the company and the right shares is recently listed on NEPSE for trading. After the adjustment of 100% right shares and recently announced 30% bonus share on paid up capital before right share (15% bonus on paid up capital after right shares), the paid-up capital of the company will reach Rs.36.80 Crore.