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Four listed companies to convene AGM today; See the list of the agendas

Thu, Jan 10, 2019 8:20 AM on AGM/Special AGM, Dividend, Bonus & Rights, Latest, Stock Market,
-ShareSansar

Mission Development Bank Limited (MIDBL) will be convening 9th AGM on Poush 26, 2075 i.e. today. The meeting will be convened in the premises of The Durbar Lawn Pvt. Ltd. Tilottama 3 at 11 AM.

The main agendas of the meeting include:

  1. To endorse 11% bonus shares for the FY 2074/75 worth Rs 5.71 crore
  2. To expand the working area of the bank
  3. To make amendments in the MoA and regulations and to provide authority to the BOD to make such changes in future
  4. To provide authority to the BOD to take any decisions regarding the merger and acquisition of the bank

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, distribution of Rs 30.06 lakh as cash dividend and to appoint 4 directors from among the promoter shareholders.

Soaltee Hotel Limited (SHL) will be convening its 44th AGM on Poush 26, 2075 in the premises of Nepal Pragya Bhawan at 11:00 AM.

The company has proposed 16.31% cash dividend worth Rs 10.86 crore and 10% bonus share worth Rs 6.66 crore for the FY 2074/75. Its paidup cpaital will reach Rs 73.27 crore after the adjustment of 10% bonus shares.

It has reported increase in the net profit to Rs 5.81 crore in Q1 of FY 2075/76 from Rs 37.80 lakhs in the same quarter of pervious year.It earned a revenue of Rs 36.78 crore.

SHL’s earning per share (EPS) stands at Rs 3.48 per share and Net worth per share stands at Rs 22.46.

Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) will be convening its 17th AGM on Poush 26, 2075. The microfinance company will be convening the meeting on the premises of Amrapali Banquet, Kathmandu at 10:30 AM.

The main agendas of the meeting include:

  1. To endorse 25% bonus shares worth Rs 12.57 crore for the FY 2074/75
  2. To issue FPO worth Rs 10.48 crore and conversion of promoter shares worth Rs 6.60 crore into ordinary shares to convert current shareholding ratio of 70:30 to 51:49
  3. To increase the paid up capital of the company to Rs 73.37 crore
  4. To make amendments in the MoA and regulations and to provide authority to the BOD to make such changes in the 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, Distribution of 11.8421% cash dividend for the shareholders and appointment of an independent director to fill the vacant position.

Gandaki Bikas Bank Limited (GDBL) will be convening its 11th AGM on Poush 26, 2075. The meeting will be convened in the premises of Mount Kailash Resort, Pokhara at 10:00 AM.

The main agendas of the meeting include:

  1. To make amendments in the regulations of the company
  2. To provide authority to the BOD to take the decisions regarding merger and acquisition of the bank

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 to endorse 14.20% cash dividend worth Rs 39.05 crore.

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