Closure of Nirdhan Utthan Laghubitta (NUBL) for a dividend of 31.0526 percent

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The 23rd Annual General Meeting of Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has been scheduled on Poush, 2078. The meeting would begin at 1 p.m. that day at the company’s headquarters office in Naxal, Kathmandu.

The AGM will approve a 31.0526 percent dividend for year 2077/78, among other items on the agenda. On Mangsir 09, the 281st meeting of the board of directors resolved to issue the dividend on the 1.69 Arba paid-up capital. The proposal includes 29.5 percent bonus shares worth Rs. 50 crores and a 1.5526 percent cash dividend (for tax reasons) worth little more than Rs. 52.63 crores.

Furthermore, the promoters and shareholders shall elect/ board at the AGM. A resolution to increase the company’s existing authorized capital from 2.5 Arba to Rs. 3 Arba is also on the agenda.

The book will be closed on the 13th of Poush. As a result, shareholders who held shares prior to that are entitled to the dividend payment and are welcome to attend the AGM.

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