Womi Laghubitta (WOMI) Calls AGM to Endorse 20% Dividend and 1: 1 Share Swap Ratio for Merger

Womi Laghubitta Bittiya Sanstha Limited (WOMI) has called its 10th AGM on Poush 16. The meeting will be held in Hotel Araniko, Dhulikhel, starting at 11 am that day.

Among other agendas, the AGM will endorse a 20% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Kartik 25 decided to distribute the dividend on the paid-up capital of Rs. 41,19,44,400. The entirety of the dividend has been proposed in bonus shares. Thus, the bonus shares are worth Rs. 8,23,88,880.

After completion of the merger procedures, the joint transaction of Womi Laghubitta and Grameen Swayamsewak Laghubitta has commenced from the 3rd Chaitra of last year. The two companies have carried out the joint operation under the name Womi Laghubitta Bittiya Sanstha Limited. Thus, the merged company has received tax exemption on dividends, and shareholders are not required to pay the tax amount.

Meanwhile, there is also an agenda to endorse a share swap ratio of 1: 1 for the merger with Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS), all other merger-related procedures.

As of writing, WOMI has an LTP of Rs 1,609. Poush 01 is the book closure date. Nepal Rastra Bank has given preliminary approval for the merger between Womi Laghubitta Bittiya Sanstha Limited (WOMI) and Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). The companies decided to go on a merger with each other via a merger agreement on Bhadra 15, 2078. Thus, share trading of the company has been halted in NEPSE.