Samata Gharelu Laghubitta (SMATA) calls for a vote at its annual general meeting to approve a 25 percent dividend.
The Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has scheduled its eighth annual general meeting for the 7th Poush of the year 2078. The meeting will take place at the Miral Resort and Hotel in Dhulikhel and will begin at 11:30 a.m. on that day.
The AGM will also approve a 25 percent dividend for the fiscal year 2077/78, among other items on the agenda. The board of directors, during its 118th meeting, held on Kartik 15, voted to distribute 20 percent bonus shares and a 5 percent cash dividend from the company’s paid-up capital to its shareholders. The company has a paid-up capital of Rs. 28,56,20,160 in its bank account. The bonus shares are worth somewhat more than Rs. 5.71 crores, and the cash dividend is worth Rs. 1.42 crores, for a total of Rs. 5.71 crores.
In recognition of the fact that the company began a cooperative operation with Gharelu Laghubitta on Baisakh this year, the company has been granted tax exemption on the dividend proposal. Shareholders will not be required to pay the tax amount associated with the dividend that has been proposed.
Furthermore, at the AGM, it will be discussed whether or not to make the Further Public Offering (FPO) available to the broader public. The corporation aims to change the shareholding structure from 70:30 to 70:30 in the near future.
In addition, during this AGM, four board members will be elected from among the promoters and two from among the general public.
Mangsir 24 is the date on which the book will be closed. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are welcome to attend the AGM. As of this writing, SMATA’s LTP is at Rs. 1,441.10 per share.