Naya Nepal Laghubitta conducting AGM tomorrow; To endorse 21.05% dividend

January 3, 2020 | Investopaper

Naya Nepal Laghubitta is going to conduct its 11th Annual General Meeting on Poush 19, 2076. The Annual Meeting will take place at Hotel Jugal, Mirawal Chowk, Dhulikhel, Kavre. The AGM will start after 11 AM.

The company has proposed a 21.056 percent dividend. The dividend is from the profit of the fiscal year 2075/76. The board meeting held on Karthik 20, 2076 made the decision about the dividend.

The total dividend includes a 20 percent bonus share and a 1.056 percent cash dividend for the tax purpose. The company will distribute the bonus share worth Rs. 1.68 crores. Likewise, the cash dividend is worth Rs. 8.84 lakhs.

The book closure date for the AGM and dividend purpose is Paush 3, 2076. So, only those shareholders holding the shares of the company until Paush 2 will be able to claim the dividend and participate in the AGM of the company to be held on Paush 19, 2019.

The microfinance has a current paid-up capital of Rs. 8.40 crores. After the inclusion of the bonus share, the capital will increase to Rs. 10.08 crores.

The company will distribute the dividend after the approval from the upcoming AGM.


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