Mahuli Laghubitta AGM; Main agenda: 21.05 percent dividend and FPO Issue

Kathmandu, April 7

The eighth annual general meeting of Mahuli Laghubitta Bittiya Sanstha Limited will be held on Wednesday with the main agenda of issuing dividend and FPO.

A total of 21.05 percent dividend proposed for the last fiscal year will be approved by the annual general meeting starting from 11 am at the central office of the organization in Mahuli, Saptari. Of which 20 percent is bonus share and the remaining 1.05 percent is cash dividend (for tax purposes).

The meeting will pass a special resolution to increase the issued capital and paid-up capital to the extent of bonus shares and also approve the proposal to issue FPO shares at a premium. The same meeting will also pass a decision to give full authority to the Board of Directors to carry out all the necessary procedures for the purpose of merging and acquiring one or more financial institutions.

The organization had closed the book for one day on Chaitra 10 for the purpose of dividend and meeting. This means that only the existing shareholders till Chaitra 9 are eligible to participate in the meeting and receive dividends.