Global IME Laghubitta (GILB) and Sparsha Laghubitta (SPARS) declare AGM to endorse Share Swap Ratio for acquisition

Global IME Laghubitta Bittiya Sanstha Limited (GILB) has called its 8th AGM on Poush 29. The AGM will be organized at Gateway Himalaya Resort, Lamjung, starting at 9 am that day. The AGM will be streamed virtually to investors.

Among other proposals, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed a 28.92% dividend for the fiscal year 2076/77. The 121st meeting of the board of directors held on Mangsir 28 has proposed a 27.47% bonus shares worth Rs 7,13,09,108 and 1.45% cash dividend worth Rs 37,53,111 (for tax purpose) from the paid-up capital for the fiscal year 2076/77. The paid-up capital of the company is Rs. 25,95,75,125.

Furthermore, the AGM will endorse the Share Swap Ratio of 1:0.9 for the acquisition of Sparsha Laghubitta.

The book closure for the dividend is announced on Poush 15. Investors maintained before that date are entitled to the dividend payout and can also attend the AGM.

AGM notice

Similarly, Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has also called its AGM on Poush 29. The AGM will be organized at Hotel Barahi, Lakeside, Pokhara, starting at 11 am that day. 

Among other proposals, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed a 20.53% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Mangsir 29 has decided to distribute 19.5% bonus shares and 1.03% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 9,37,48,190, the bonus shares amount to Rs. 1,82,80,897 and the cash dividend amounts to Rs. 9,62,152.

Furthermore, the AGM will endorse the Share Swap Ratio of 1:0.9 since the company is to be acquired by Global IME Laghubitta. 

Since trading of SPARS is halted from Ashwin 21, investors maintained till that date are entitled to the dividend payout and can also attend the AGM.

AGM notice