Swabalamban Laghubitta’s AGM with 36.84% dividend to be convened on Poush 26; AGM to approve issuance of FPO worth Rs 10.48 crore

Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) will be convening its 17^th AGM on Poush 26, 2075. The microfinance company will be convening the meeting on the premises of Amrapali Banquet, Kathmandu at 10:30 AM.

The main agendas of the meeting include:

1. To endorse 25% bonus shares worth Rs 12.57 crore for the FY 2074/75
2. To issue FPO worth Rs 10.48 crore and conversion of promoter shares worth Rs 6.60 crore into ordinary shares to convert current shareholding ratio of 70:30 to 51:49
3. To increase the paid up capital of the company to Rs 73.37 crore
4. To make amendments in the MoA and regulations and to provide authority to the BOD to make such changes in the future.

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, Distribution of 11.8421% cash dividend for the shareholders and appointment of an independent director to fill the vacant position.

For the purpose of the AGM, the shareholders register book of the company will remain closed from Posuh 10 till Poush 26 i.e. the shareholders holding the shares of the company till Poush 09 will be able to participate in the AGM and claim for 36.8421% dividend.