Summit Laghubitta to convene AGM on Poush 29; Book closure for 22.2% dividend on Poush 16
Mon, Dec 23, 2019 12:17 PM on AGM/Special AGM, Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Summit Laghubitta Bittiya Sanstha (SMFDB) will be convening its eleventh AGM on Poush 29, 2076 at Agrasen Bhawan, Birtamod, Jhapa from 10 AM onwards.
The 185th Board Meeting held on Poush 06, 2076 has decided on the following agendas to be discussed in the meeting:
- Approval of the annual report to be presented by the Chairman.
- Approval of the audited financial statements for the year 2075/76.
- Appointment of auditor for 2076/77 and determination of the remuneration.
- Approval of 21.0952% bonus shares worth Rs.4.43 Crore and 1.1103% cash dividend worth Rs.23.31 Lakhs (for tax purpose) for the shareholders out of the profits of FY 75/76.
- Enforcing the decisions of SGM:
- Appointment of auditor, valuator, etc. for Due Diligence Audit Report for the purpose of merger and acquisition with another appropriate microfinance institutions.
- The SGM will also endorse the decision to distribute 100% right shares after the completion of the merger and acquisition process.
- The SGM is also endorsing the agendas to change the capital structure from the existing promoter(70%) and public(30%) to promoter(51%) and public(49%).
The book closure is on Poush 16, 2076. Therefore shareholders maintained till Poush 15, 2076 will be eligible to participate in AGM and claim the dividend.
