Nagbeli Laghubitta convening its 9th AGM on Chaitra 15, 2075; Endorsing 9.38 bonus share and 25% right shares
Wed, Feb 27, 2019 10:36 AM on AGM/Special AGM, Latest, Stock Market,
Nagbeli Laghubitta Bikas Bank Limited (NBBL) will convene its 9th Annual General Meeting (AGM) on Chaitra 15, 2075. The AGM is going to be held at Hotel Heaven, Birtamode, Jhapa at 11:30 AM.
The main agendas of the AGM are:
- To endorse 9.38% bonus shares
- To endorse 4:1 right share
- To increase authorized and issued paid-up capital
- Merger and acquisition activity to implement if in case of favorable time and environment
- To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
Other agendas of the AGM are major financial highlights of the FY 2074/75 and appointment of the auditor for the FY 2075/76.
Distribution of a cash dividend (for the purpose of the tax on bonus share) of 0.49 percent - amount equals to Rs. 796,844. Further, for the governing committee, from the promoter and public shareholders, a total of 4 and 2 to be elected respectively.
The book closure date for the AGM has been set from Falgun 29 to Chaitra 15, 2075. But only those shareholders holding shares till Falgun 28, 2075 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed bonus shares.
Presently, the paid up capital of NBBL stands Rs 15.33 crores. After the adjustment of both 9.38% bonus and 25% right share, its paid up capital will reach Rs 21 crores.
