Sabaiko Laghubitta proposed to distribute 11.05 percent dividend

Kathmandu, March 30

Sabaiko Laghubitta Bittiya Sanstha Ltd. held their fourth annual general meeting on Chaitra 14. The meeting passed a resolution to distribute a total of 11.5 percent dividend with 10.50 percent bonus share and 0.55 percent cash dividend (for tax purposes). The meeting also passed a resolution to increase the authorized capital, issued capital and paid-up capital of the company and amend the management letter accordingly.

Similarly, the meeting has also passed a resolution authorizing the Board of Directors to relocate the central office of the company and to give full authority to the Board of Directors to carry out all the work related to the merger and acquisition of this company and any other company.

Currently, the company’s paid-up capital is Rs. 18 crore 64 lakh 80 thousand. After the distribution of 10.50 percent bonus shares, the capital will increase and reach to Rs. 20 crore 60 lakh.