Mirmire Laghubitta to convene AGM on Poush 28; Major agenda to approve 45% bonus and Director election

Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) will be convening its ninth AGM on Poush 28, 2076 at Mirable Resort and Hotel, Dhulikhel-03, Kavrepalanchowk from 11 AM onwards.

The 163rd Board Meeting held on Poush 05, 2076 has decided on the following agendas for the meeting:

• Approval of the annual report to be presented by the Chairman.
• Approval of the audited financial statements for the year 2075/76.
• Appointment of the auditor for 2076/77 and determination of the remuneration.
• Election of 4 Directors from Promoters' group and 2 Directors from Ordinary group.
• Approval of the proposed 47.36% dividend for its shareholders from the profit of FY 2075/76.

The proposed dividend details is:

Current paid-up capital: Rs 12.87 crore
Bonus shares: 45% worth Rs 5.79 crore
Cash dividend: 2.368420889% for tax amount
Total dividend: 47.36%
Paid-up capital after adjustment: Rs 18.66 crore

The book closure is on Poush 18, 2076. Therefore, shareholders maintained on Poush 17, 2076 will be eligible to participate in AGM and claim dividend. Presently, the company is in merger process with Kisan Laghubitta Bittiya Sansthan and Nagbeli Laghbubitta Bittiya Sansthan Limited. 

Announcement