Laxmi Laghubitta to endorse 26.32% cash dividend to its shareholders; AGM on Poush 1

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) to conduct its Annual General Meeting (AGM) on Poush 1, 2075. The AGM is being held at Agrawal Bhawan, Kamalpokhari, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 26.32% cash dividends from the net profit of the FY 2074/75.
• To amend Memorandum of Association (MOA) and Articles of Association (AOA).
• To work on the acquisition with other microfinance company.

Other agendas of the AGM are to publish financial highlights of the FY 2074/75 and appointment of the auditor for the FY 2075/76.

The book closure date for the AGM was set from Mangsir 19 2075 to Poush 1, 2075. Shareholders holding their shares till Mangsir 18, 2075, i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend.

Laxmi Laghubitta had earned a net profit of Rs 8.83 crore in FY 2074/2075 as per the unaudited Q4 report of FY 2074/2075.

 It’s paid-up capital and LTP stands at Rs 24.2 crore and Rs 850 respectively.