Mithila Laghubitta 9th AGM on Poush 29; to endorse 15% bonus & 50% right shares

Mon, Dec 18, 2017 8:49 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Mithila Laghubitta Bikas Bank Limited (MLBBL) will be convening 9th Annual General Meeting (AGM) on Poush 29, 2074. The AGM is going to be held at Hotel Welcome Meeting Hall, Janakpur at 11:00 AM. The main agendas of the AGM are:
  • To endorse 15% bonus shares and 0.78% cash dividend from the net profit of FY 2073/74.
  • To conduct election of Board of Directors (BOD).
  • To increase authorized capital, issued capital and paid up capital.
  • To issue 50% right shares.
  • To increase the working areas.
  • To change the name and address of the company.
  • To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 14 to Poush 29, 2074. Only shareholders owning their shares till Poush 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. Its paid up capital will reach to Rs 9.89 crore after adjustment of bonus shares and 50% right shares. It had earned Rs 14.71 lakh in the first quarter of the FY 2074/75.