Namaste Bittiya Sanstha to issue 100% (3.75 lakh units) Right Share from Poush 8; AGM to endorse 24% bonus share

Namaste Bittiya Sanstha Limited (NBSL) will be issuing 1:1 (100%) right shares to its existing shareholders from Poush 8, 2073. As per the notice published by the microfinance today, the rights issue will remain open for 35 days before closing on Magh 13, 2073. Namaste Bittiya Sanstha Limited will be issuing a total of 3, 75,000 unit right shares at the face value of Rs 100. The book closure date for 100% right share has been set for Mangsir 24, 2073 till Poush 9, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Mangsir 23, 2073 will be eligible for the right shares. NMB Capital Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NMB Capital Limited, Naagpokhari, Kathmandu, from Namaste Bittiya Sanstha Limited, Ghorahi , Dang and from NMB Bank Limited and its branch offices. NBSL has earned net profit of Rs 27.28 lakh in the first quarter of the current fiscal year 2073/74. It’s paid up capital remains at Rs 3.75 crore. After issuance of 100 percent right share, the paid up capital will reach to Rs 7.50 crore. Its Last Traded Price (LTP) stood at Rs 706 as on December 1, 2016. Also, Namaste Bittiya Sanstha Limited (NBSL) will be holding its 10^th Annual General Meeting (AGM) on Poush 9, 2073. The AGM will be held at City Garden Private Limited, Family Restaurant and Party Palace, Umesh Marg, Ghorahi, Dang at 1:00 AM. The main agendas of the AGM are:

• To endorse 24% bonus share and 1.26316 % cash dividend for tax purpose to its shareholders from the net profit it earned in the FY 2072/73.
• To increase issue and paid up capital.
• To amend article of association accordingly.

Other agendas of the AGM include financial highlights of the FY 2072/73 and appointment of auditor. Only those shareholders owning shares till Mangsir 24, 2073 will be entitled to the bonus share of the company. The register of their shareholders will remain closed from Mangsir 23, 2073 till Poush 9, 2073 for the purpose of its upcoming (AGM).