Samata Gharelu Laghubitta (SMATA) Calls AGM to Endorse 25% Dividend and Discuss FPO Issuance – |

Samata Gharelu Laghubitta (SMATA) Calls AGM to Endorse 25% Dividend and Discuss FPO Issuance - |

https://www.sharesansar.com/newsdetail/samata-gharelu-laghubitta-smata-calls-agm-to-endorse-25-dividend-and-discuss-fpo-issuance-2021-11-28

Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has called its 8th AGM on 7th Poush, 2078. The meeting will be held in Miral Resort and Hotel, Dhulikhel, starting at 11: 30 am that day.

Among other agendas, the AGM will endorse a 25% dividend for the fiscal year 2077/78. The 118th meeting of the board of directors held on Kartik 15 has decided to distribute 20% bonus shares and 5% cash dividend from the paid-up capital. The paid-up capital of the company is Rs. 28,56,20,160. Thus, the bonus shares are worth slightly over Rs. 5.71 crores and the cash dividend is worth Rs 1.42 crore.

Since the company had started a joint operation with Gharelu Laghubitta on Baisakh this year, the company has received tax exemption on the dividend proposal. Shareholders will not have to pay the tax amount on the dividend proposed.

Furthermore, the AGM will also discuss issuing the Further Public Offering (FPO) to the general public. The company intends to convert the shareholding structure to 70:30.

This AGM will also elect 4 board members from the promoters and 2 from the public shareholders.

Mangsir 24 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM. As of writing, SMATA has an LTP of Rs. 1,441.10.

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