Samata Gharelu Laghubitta and Manakamana Smart Laghubitta Calls AGM on Chaitra 29; SMATA To Endorse Dividend and FPO Plans

Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) and Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) have called their 10th AGM and 6th AGM on 29th Chaitra, 2080 respectively. The meeting of SMATA will be held at Namobuddha Banquet and Event, Kavrepalanchok whereas the meeting of MKLB will be held in Hotel Pauwa, Butwal, Rupandehi. Both the meetings will start at 11:30 AM that day.

Among other agendas, the SMATA's AGM will endorse a 5.7076% dividend worth Rs. 2.24 Crores for the fiscal year 2079/80. The 150th board of directors meeting on Mangsir 24 decided to distribute the dividend on the paid-up capital of Rs. 39.41 Crores. 5.4222% bonus shares worth Rs. 2.13 Crores and 0.2854% cash dividend (for tax purposes) worth Rs. 11.24 Lakhs have been proposed. Furthermore, SMATA aims to preserve the promoter-to-public shareholding ratio at 70:30. To achieve this objective, the company plans to issue a Further Public Offering (FPO) worth Rs. 3,32,85,600.

Moreover, SMATA's AGM will also address the proposal to evaluate and endorse the Due Diligence Audit, as part of the ongoing process involving the acquisition of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) by Samata Gharelu Laghubitta Bittiya Sanstha Limited.

The book closure date for SMATA's AGM and dividend is on Chaitra 19 whereas the book closure of MKLB is from on Chaitra 16- 29. Therefore, the shareholders maintained before that are entitled to dividend payout and can attend respective AGMs.