Samata Laghubitta (SMATA) announces AGM on Poush 14; Agenda to endorse dividend and Swap Ratio for merger

Samata Laghubitta Bittiya Sanstha Limited (SMATA) has called its 7th AGM on Poush 14.

The 100th meeting of the board of directors held on Mangsir 19 has decided to conduct the AGM in Hotel Classic, Simara, Bara. The AGM will commence at 10:30 that day.

Among other proposals, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed 6.32% of the existing paid-up capital as cash dividend and 20% as bonus shares. The company's existing paid-up capital is Rs. 19,11,16,800. Thus, the directors have proposed a cash dividend worth Rs. 1,20,70,535 and bonus shares worth Rs. 3,82,23,360.

Furthermore, the AGM will also endorse the Share Swap Ratio determined by the Due Diligence Audit (DDA). This meeting will thus approve the merger between Samata Laghubitta and Gharelu Laghubitta. After the merger, they will operate under the name "Samata Gharelu Bittiya Sanstha Limited."

The book closure date is announced on Poush 05. Thus, investors maintained before that date are entitled to the dividend and can also attend the 7th AGM. Books will be closed from Poush 05 to Poush 14.