Deprosc Laghubitta 19th AGM ends; 20 percent dividend approved

Kathmandu, April 2

The 19th annual general meeting of Deprosc Laghubitta Bittiya Sanstha Ltd. was held on Friday at 11 am. The meeting concluded after approving 20 percent dividend of the last fiscal year.

The meeting held at Hotel Monalisa in Sauraha, Chitwan has approved the proposed 15 percent bonus share and 5 percent cash dividend for the last fiscal year. The current paid-up capital is Rs 1arba 54 lakh 33 thousand 574.51. After the issuance of bonus shares, the company’s paid-up capital will reach Rs 1 arba 15 crore 16 lakh.

The assembly has also approved a preliminary memorandum of understanding to acquire Nadep Laghubitta Bittiya Sanstha Ltd. headquartered in Gajuri, Dhading district. The assembly has also elected the directors from among the founding members. Among the elected directors are Deepak Khanal from Lumbini Development Bank Limited, Yagya Prakash Neupane from Agricultural Development Bank Limited and Ganesh Kumar KC from Development Project Service Center (Deprosc-Nepal). A meeting of the board of directors held after the election has elected director Deepak Khanal as the chairman.