Swabhimaan Laghubitta to convene AGM on Magh 10; Major agendas include approval of dividend, election of directors and right shares issuance

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) will be convening its third AGM on Magh 10, 2076 at Darcy's International Hotel, Butwal, Rupandehi from 11 AM onwards.

The 37th Board Meeting held on Poush 16, 2076 has decided on the following agendas for the meeting:

• Approval of the annual report to be presented by the Chairman on behalf of BOD.
• Approval of audited financial statements for the year 2075/76.
• Appointment of the auditor for the year 2076/77 and determination of the remuneration.
• Approval of 24% bonus shares to its shareholders amounting to Rs 1.48 crore and 1.27% cash dividend for tax purpose from the net profit it made in the FY 2075-76.
• Election of 2 Directors for the ordinary shareholders' group and 1 Independent Director.
• Issuing 33.33% (3:1) right shares after the adjustment of bonus shares.

The book closure is on Poush 25, 2076. Therefore, shareholders maintained on the books on Poush 24, 2076 will be eligible to participate in AGM and claim the dividend.

Announcement