Mithila Laghubitta AGM on Chaitra 23; When is the book close?

March 11, 2019 | Investopaper

Mithila Laghubitta Bittiya Sanstha Ltd. is going to organize its 10th Annual General Meeting (AGM) on Chaitra 23. The meeting will take place at 11:00 AM on Laalgad, Dhanusa.

The AGM will endorse 10.45% bonus share and 0.55% cash dividend for tax purpose from the profit of F.Y. 2074/75. The general meeting will also approve the conversion of promoter share to ordinary shares. Currently, promoter- ordinary shares ratio stands at 70:30. After the conversion, the ratio of 51:49 will be maintained.

The book close for the purpose of the AGM is set at Chaitra 11,2075.

The company has paid up capital of Rs. 6.59 crores. After the adjustment of the ongoing 50% right share and 10.45% bonus, the paid-up capital will rise to Rs. 10.58 crores.

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