Naya Sarathi Laghubitta convokes AGM for Chaitra 28 to Approve 20% Dividend, Discuss Agendas Relating to Mergers, and Discuss FPO Issuance
The 14th Annual General Meeting of Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) was scheduled for Chaitra 28, 2079. The gathering will begin that day at 1 PM in the Hotel Jugal in Dhulikhel.
The AGM will approve a 20% payout for the fiscal year 2078–2079, among other items on the schedule. The 20% reward from the profit held over from FY 2078/79 will be distributed, the 52nd board of directors meeting on Poush 29 determined.
A 1% cash payout and 19% bonus shares have both suggest. As a result, the cash reward is worth Rs. 30.33 lakhs and the incentive shares are worth Rs. 5.76 crores. The company’s present paid-up capital is Rs. 303,395,300.
The gathering will also debate issuing Further Public Offerings (FPO) to the broader public. The plan to modify the Articles of Association will pass during the meeting because the issue of incentive shares and FPO will boost the company’s capital.
Additionally, the AGM will adopt a motion endorsing a 1:1 share exchange ratio for a merger between Naya Sarathi Laghubitta and Vijaya Laghubitta Bittiya Sanstha Limited as well as assessing and approving the due diligence audit and memorandum of understanding. (VLBS).
The closing period for books is between Chaitra 15 and Chaitra 28. Shareholders who were maintained before that date are therefore eligible for the reward payment and are welcome to join this AGM.
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