“First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced its 14th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080. The meeting is set to take place at Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 10 AM on the specified day.

One of the key items on the agenda for the AGM is the endorsement of a 15% dividend amounting to Rs. 17.21 Crores for the fiscal year 2079/80. The decision to distribute this dividend was made during the 211th meeting of the board of directors held on Mangsir 13. The proposed distribution includes a 7.5% bonus in the form of additional shares and a 7.5% cash dividend, the latter being designated for tax purposes. The total dividend is calculated based on the paid-up capital of Rs. 1.14 Arba.

Shareholders are advised that the book closure date is on Poush 12. This means that individuals holding shares as of this date will be eligible for the dividend payout and can also participate in the upcoming AGM. The dividend distribution and proposed agendas are subject to the approval of the shareholders during the AGM.