NADEP Laghubitta to convene its AGM on Baisakh 26; bonus agenda to be endorsed

NADEP Laghubitta Bittiya Sanstha Limited (NADEP) will be convening its 4^th AGM on Baisakh 26, 2076. The meeting will be convened in the premises of Naubise Agro Resort, Naubise, Dhading at 11:00 AM.

The main agendas of the meeting include

• To endorse 15% bonus shares worth Rs 4.80 crore and 1.58% cash dividend worth Rs 25.26 lakhs (for tax purpose) for its shareholders and changes its AOA and MOA accordingly.
• To elect 2 new BOD members representing ordinary shareholders group.
• Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76.
• To provide authority to BOD for merger and acquisition.

For the purpose of the meeting the shareholders register book of the bank will remain closed on Baisakh 9, 2076 i.e the shareholders holding the shares of the bank till Baisakh 8, 2076 can claim for dividend and participate on AGM.

The last trading price of NADEP on April 11 is Rs 652.

The microfinance company had issued 100% right shares to the existing shareholders of the company and the right shares is recently listed on NEPSE for trading. After the adjustment of 100% right shares and recently announced 30% bonus share on paid up capital before right share (15% bonus on paid up capital after right shares), the paid-up capital of the company will reach Rs.36.80 Crore.