RSDC Laghubitta 3rd AGM on Chaitra 12; to endorse 15% bonus & 200% right share; Book closure for bonus on Chaitra 1

RSDC Laghubitta Bikas Bank Limited (RSDC) will be convening its 3^rd Annual General Meeting (AGM) on Chaitra 12, 2073. The AGM is going to be held at Asian Hotel Pvt Ltd, Kalikanagar, Butwal at 9:00 AM. Main agendas of the AGM are:

• To endorse 15 percent bonus share and cash dividend worth Rs 7,89,474 for tax purpose from the net profit it earned from the fiscal year 2072/73.
• To endorse 1:2 (200%) right share after issuance of bonus share.
• After issuance of bonus share, to increase its authorized, issue and paid up capital up to Rs 34.50 crore from existing Rs 20 crore.

• To amend Article of Association and Memorandum of Association as per directed by registrar office or Nepal Rastra Bank.

Other agendas of the AGM include financial highlights of the FY 2072/73, appointment of auditor and to elect 3 BOD member from public shareholders group. The book closure date for the AGM has been set for Chaitra 1, 2073 till Chaitra 12, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Falgun 30 2073 will be eligible for the 15 percent bonus shares. A separate book closure date will be published for the right shares. RSDC Laghubitta has earned net profit of Rs 1.09 crore in the second quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 10 crore. After issuance of 15% bonus share and 200% right share, its paid up capital will reach Rs 34.50 crore.