RSDC Laghubitta 4th AGM on Mangsir 8; to endorse 13% bonus shares; 60% right shares in pipeline

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) will be convening its 4^th Annual General Meeting (AGM) on Mangsir 8, 2074. The AGM is going to be held at Asian Hotel, Butwal at 9:00 AM. The main agendas of the AGM are:

• To endorse 13% bonus share from the net profit of FY 2073/74.
• To endorse issuance of 60% right shares to its shareholders after issuance of 13% bonus and ongoing 200% right share
• To increase its authorized, issued and paid up capital.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. RSDC has been issuing 200% right shares which will close on Kartik 20, 2074. Its current paid up capital stands at Rs 11.50 crore. RSDC is issuing 200% right shares of worth Rs 23.00 crore to its shareholders from Ashwin 2 to Kartik 5, 2074. After 13% bonus and 200% right share, its paid up capital will reach Rs 35.99 crore. Finally, after 60% right share issuance, its paid up capital will reach Rs 57.60 crore. As per NRB's directive for wholesale lending microfinance companies, RSDC should increase its paid up capital to a minimum of Rs 60 crore by the end of FY 2074/75. RSDC had earned Rs 1.96 crore in the fourth quarter of the FY 2073/74. Click here to see announcement.