Swabhalamban Laghubitta 14th AGM on Poush 24; to approve 52.63% dividend

Swabhalamban Laghubitta Bikas Bank Limited (SWBBL) will be convening its 4th Annual General Meeting (AGM) on Poush 24, 2072. The AGM will be held at Lainchor Banquet ,Lainchor, Kathmandu at 11:00 AM. Main agendas of the AGM are:

• To approve 42 percent bonus share and 10.63 percent cash dividend including for tax purpose from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share to increase paid up and issued capital. Also to increase authorized capital up to Rs 50 crore.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 1 BOD member from public shareholders group. Only those shareholders owning shares till Poush 4will be entitled to the bonus share of the company. The register of their shareholders has been closed from Poush 5, 2072 till Poush 24, 2072 for the purpose of its upcoming (AGM). At present SWBBL has a paid up capital of Rs 21.98 crore. After the issuance of 42% bonus shares, its paid up capital will rise to Rs 31.21crore. Swabhalamban Laghubitta had earned net profit of Rs. 7.21 crore in its first quarter of the fiscal year 2072/73.