Nerude Laghubitta 11th AGM on Poush 29; to endorse 13% bonus shares & 7.68% cash dividend

Nerude Laghubitta Bikas Bank Limited (NLBBL) will be convening 11^th Annual General Meeting (AGM) on Poush 29, 2074. The AGM is going to be held at Uddyog Sangathan, Morang, Biratnagar – 2 at 11:00 AM. The main agendas of the AGM are:

• To endorse 13% bonus shares and 7.68% cash dividend from the net profit of FY 2073/74.
• To increase authorized capital to Rs 60 crore.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
• To conduct election of Board of Directors (BOD).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of the auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 9 to Poush 29, 2074. Thus only those shareholders holding their shares till Poush 8, 2074 i.e. day ahead of the book closure date are eligible to participate in the AGM. It had earned Rs 41.21 lakh in the first quarter of the FY 2074/75. Announcement: