Samata Microfinance to convene its 5th AGM on Mangsir 27; Shareholders to receive 14.02% dividend on the adjusted capital

Samata Microfinance Bittiya Sanstha Limited (SMATA) will be convening its 5^th AGM on Mangsir 27, 2075. The meeting will be convened in Hotel Ecchya Pvt Limited, Simra at 11:30 AM.

The main agendas of the meeting include:

1. Change in the name and address of the organization
2. To provide 6.66% bonus shares worth Rs 37.92 lakh on the adjusted profit after 50% right issuance
3. To provide approval for the issuance of 200% right shares
4. To make amendments in the MoA and regulations and to provide authority to the BoD to make further changes.

Other agendas of the meeting includes endorsement of audited financial statement for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, discussions about the budget for the FY 2075/76 and to provide 7.3684% cash dividend worth Rs 49.91 lakh on the adjusted capital.

After the adjustment of its 6.6667% bonus shares and 200% right shares, the paid-up cpaital of the company will reach Rs 18.20 crore.

For the purpose of the AGM , the shareholders holding the shares of the company till Mangsir 11, 2075 will be eligible to participate in the upcoming AGM as the shareholders register book will remain closed from Mangsir 12 till Magsir 27.