Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has called its 9th AGM on 16th Poush, 2078. The meeting will be held in Sahayatri Party Palace, Syangja, starting at 11 am that day.
Among other agendas, the AGM will endorse a 20% dividend for the fiscal year 2077/78. The 170th meeting of the board of directors held on Kartik 25 decided to distribute the dividend on the paid-up capital of Rs. 24,80,42,925. The entirety of the dividend has been proposed in bonus shares. Thus, the bonus shares are worth Rs. 4,96,08,595.
Meanwhile, there is also an agenda to endorse a share swap ratio of 1: 1 for the merger with Womi Laghubitta Bittiya Sanstha Limited (WOMI), and all other merger-related procedures.
As of writing, SLBS has an LTP of Rs 1,713. Poush 01 is the book closure date. Nepal Rastra Bank has given preliminary approval for the merger between Womi Laghubitta Bittiya Sanstha Limited (WOMI) and Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). The companies decided to go on a merger with each other via a merger agreement on Bhadra 15, 2078. Thus, share trading of the company has been halted in NEPSE.