Naya Sarathi Laghubitta Calls AGM on Chaitra 28 to Endorse 20% Dividend, Merger Related Agendas and Discuss FPO Issuance

Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) has called its 14th AGM on 28th Chaitra, 2079. The meeting will be held in Hotel Jugal, Dhulikhel, starting at 1 PM that day.

Among the other agendas, the AGM will endorse a 20% dividend for the fiscal year 2078/79. The 52nd board of directors meeting on Poush 29 decided to distribute the 20% dividend from the profit maintained after FY 2078/79. 19% bonus shares and a 1% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 5.76 crores, and the cash dividend is worth Rs. 30.33 lakhs. The current paid-up capital of the company is Rs. 303,395,300.

The meeting will also discuss issuing Further Public Offerings (FPO) to the general public. As the company's capital will increase after the issuance of bonus shares and FPO, the proposal to amend the Articles of Association accordingly will be approved during the meeting.

Furthermore, the AGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Memorandum of Understanding, and endorse a share swap ratio of 1:1 for a merger between Naya Sarathi Laghubitta and Vijaya Laghubitta Bittiya Sanstha Limited (VLBS).

The book closure date is from Chaitra 15 to Chaitra 28. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM Notice