Mirmire Laghubitta calls for 10th general meeting, Proposal to expel dividends and FPO

Kathmandu, March 8

Mirmire Laghubitta Bittiya Sanstha Ltd. has convened its 10th Annual General Meeting on Chaitra 18. The company has called a meeting at Panchakanya Banquet, Banepa, Kavrepalanchok at 11 am.

The meeting will pass a special resolution to distribute 9.20 percent bonus share of the existing paid up capital from the profits of the fiscal year 2076/77 and 0.49 percent cash dividend for tax purposes. Similarly, the company will also pass a proposal to issue FPO at a premium to the amount that differed in the process of matching the capital ratio after the acquisition of Sweda Laghubitta.

In addition, the meeting will also pass a resolution authorizing the board of directors to carry out all the work related to merger or acquisition with any other suitable micro finance instituition. And to make necessary amendments in the management letter and rules, approve the new appointment and resignation of the director.

The company is preparing to close the book for the purpose of general meeting and dividend from Chaitra 8to Chaitra 18. On the basis of book close, only the existing shareholders will be eligible to participate in the meeting and receive dividend till Chaitra 7.