Chhimek & Deprosc Laghubitta 14th AGM today; to approve 40% & 50% stock dividend respectively

Chhimek Laghubitta Bikas Bank Limited (CBBL) is convening its 14^thAnnual General Meeting (AGM) today (Poush 16, 2072). The AGM is going to be held at Motel Avocardo Meeting Hall, Makwanpur, Hetauda at 10:00 AM. Main agendas of the AGM are:

• To endorse 40% bonus shares and 12.70 % cash dividend including for tax purpose from the net profit it earned from the fiscal year 2071/72. The fractional bonus share will be rounded to the nearest whole number.
• To increase authorized capital up to Rs 1 arba from existing Rs 50 crore.
• After distribution of bonus share to increase issued capital and paid up capital and amend the article of association accordingly.
• To amend article of association per directed by registrar officer or the Nepal Rastra Bank.

Other main agendas of the AGM include financial highlights of 2071/72 and appointment of auditor The register of their shareholders has been closes from Mangsir 25, 2072 till today for the purpose of its AGM. Chimmek Laghubitta had earned net profit of Rs. 10.54 crore in the first quarter of the fiscal year 2072/73. Likewise, Deprosc Laghubitta Bikas Bank Limited (DDBL) is holding its 14th Annual General Meeting (AGM) today. The AGM is going to be held at Bharatpur Garden Resort, Bharatpur, Chitwan at 11:00 AM. The main agendas of the AGM is to endorse 50 percent bonus share and 2.63 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72 and authorize BOD to amend the article of association accordingly after issuance of bonus share. The other agenda of the AGM include financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims. Only those shareholders owning shares till Mangsir 26 will be entitled to the dividend of the company. The register of their shareholders has been closed from Mangsir 27, 2072 till today for the purpose of its AGM. At present Deprosc Laghubitta has a paid up capital of Rs 17.19 crore. After the issuance of 50% bonus shares, its paid up capital will reach to Rs. 25.78 crore.