NIC Asia Laghubitta announces the book closing date for its 14.75% cash dividend and calls an annual general meeting on Baisakh 10
The 5th Annual General Meeting of NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has been scheduled on 10th Baisakh, 2080. From that day at 9 AM, the meeting would take place in the Hotel Gajur Palace – Hotel in Dharan, Sunsari.
A 14.75% cash dividend for the fiscal year 2078–2079 will be approved by the AGM, among other items on the agenda. The whole dividend will be paid out in cash, the board of directors determined at its meeting on Falgun 21. Given that the company’s paid-up capital is Rs. 1,73,94,40,000, the cash dividend has a value of somewhat more than Rs. 25,65,67,400.
The agenda also includes the approval of the auditor’s report, which includes PL statements, financial reports, and cash flow reports for FY 2078–19, as well as the appointment of an auditor for FY 2079–20. The proposal to change the articles of association will also be adopted during the meeting, along with the election of directors.
During Baisakh 1 and Baisakh 10, the books will be closed. Thus, dividend payments are due to and this AGM is open to shareholders who were maintained before that date.