Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has called its 5th AGM on 8th Poush, 2078. The meeting will be held in the company’s central office in Rupandehi, starting at 1 pm that day.
Among other agendas, the AGM will endorse a 34% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Ashoj 17 decided to distribute the dividend on the paid-up capital of Rs. 9,20,50,000. 32.3% bonus shares and 1.7% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 2.97 crores and the cash dividend is worth a little over Rs. 15.64 lakhs.
Furthermore, the meeting will also elect 4 board members from the promoters.
Mangsir 23 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM. SMFBS closed at Rs. 2,554 yesterday.