MKLB calls AGM to endorse 17% dividend and elect board members

Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has called its 4th AGM on 19th Poush, 2078.

The meeting will be held in Hotel Pauwa, Rupandehi, starting at 2 pm that day.

Among other agendas, the AGM will endorse a 17% dividend for the fiscal year 2077/78.

The 66th meeting of the board of directors held on Kartik 16 has decided to distribute the entirety of the dividend in bonus shares.

The paid-up capital of the company is Rs. 12,11,50,000. Thus, the bonus shares are worth slightly over Rs. 2.5 crores.

Since the company had started a joint operation with Smart Laghubitta on Shrawan (July/Aug) last year, the company has received tax exemption on the dividend proposal.

Shareholders will not have to pay the tax amount on the dividend proposed.

Furthermore, this meeting will also elect two board members from the public shareholders.

Dec. 19 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.