Nadep Laghubitta Calls AGM, Agenda to Endorse 21.053% Dividend

Nadep Laghubitta Bittiya Sanstha Limited has called its 7th AGM on 14th Magh, 2078. The meeting will be held in Naubise Agro Resort, Dhading, starting at 11 am that day.

Among other agendas, the AGM will endorse a 21.053% dividend for the FY 2077/78. The microfinance company has proposed 20% bonus shares worth Rs 8.09 crore and 1.053% cash dividend worth Rs 42.61 lakh (cash for tax purposes). The existing paid-up capital of the company is Rs 40.48 crore. After the adjustment of 20% bonus shares, the paid-up capital of the company will reach Rs 48.57 crore.

Deprosc Laghubitta had signed an initial agreement to acquire Dhading based Nadep Laghubitta on Poush 15, 2077. However, the disagreement in share ratio and employee structuring has led the companies to ditch the merger agreement. This AGM will endorse all proceedings related to the same.

The trading of the company is halted from Poush 16 last year. Thus, investors maintained till that day are eligible to attend the AGM.