Swarojgar Laghubitta 7th AGM on Poush 11; to endorse 34.2% stock dividend

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) is convening its 7th Annual General Meeting (AGM) on Poush 11, 2072). The AGM is going to be held atCW Restaurant, Kamaladi, Kathmandu at 11:00 AM. Main Agendas of the AGM are:

• To endorse 34.2% percent bonus share to its shareholders and 1.8 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To increase Issued and paid up capital from Rs4 crore to Rs 5.36crore

• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
• To change the meeting place.

Other agendas of the AGM include endorsement of financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Mangsir 14 will be entitled to the bonus share of the company. The register of their shareholders will remain close from Mangsir 15, 2072 till Poush 11, 2072 for the purpose of its upcoming AGM. Swarojgar Laghubitta had earned a net profit of Rs 60.93 lakhs in the first quarter fiscal year 2072/73.