Closure of Forward Laghubitta (FOWAD) for a 42 percent dividend

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The 9th Meeting of Forward Laghubitta Bittiya Sanstha Limited (FOWAD) has been scheduled on 30th Poush, 2078. The meeting will begin at 11 a.m. on day at the company’s Sunsari headquarters.

The AGM will approve a 42 percent dividend for fiscal year 2077/78, among other items on the agenda. The of directors voted to distribute the dividend on the paid-up capital of Rs. 62.55 at their 112th meeting on Mangsir 21. A 35 percent share worth Rs. 21.89 crores has been suggested, as well as a 7% cash dividend (for tax reasons) of Rs. 4.37 crores.

addition, the promoters will elect four members and the public shareholders will elect two. A decision to increase the company’s existing issued capital is also on the agenda.

The book will be closed on Poush 16. As a result, shareholders who held shares prior to date are entitled to the dividend payment and are welcome to attend the AGM.

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