Womi Laghubitta (WOMI) calls AGM on Poush 28; When's the book closure for 30% Dividend?

Womi Laghubitta Bittiya Sanstha Limited (WOMI) has called its 9th AGM on Poush 28, i.e. January 12. The meeting will be organized in Lahari Kharka Party Palace, Banepa-13, starting from 11 am that day.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed a 30% dividend for the fiscal year 2076/77. The meeting of the board of directors has decided to distribute the entirety of the dividend in bonus shares. Furthermore, since the company has already commenced a post-merger joint operation with Nagarik Laghubitta Bittiya Sanstha Limited, it is eligible for income tax exemption. Thus, investors do not have to pay the tax this time to get bonus shares. This is also probably why the company has not proposed any cash dividend, not even for tax purposes this time.

Furthermore, the AGM will also endorse the Share Swap Ratio for merger determined by the Due Diligence Audit (DDA) and other parameters. Womi Laghubitta signed a Merger Agreement with Grameen Swayamsewak Laghubitta Bittiya Sanstha on September 11 this year.

The book closure date is announced on Poush 15. Thus, investors maintained till that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Poush 15 to Poush 28.

AGM notice