SMFDB Calls AGM on Poush 24, Book Closure Poush 15 of 25.28% dividend

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Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has called its 13th AGM on 24th Poush, 2078. The meeting will be held in Anbukhaireni Restaurant and Party Palace, Tanahun, starting at 10 am that day.

Among other agendas, the AGM will endorse a 25.285316% dividend for the fiscal year 2077/78. The 17th meeting of the board of directors held on Mangsir 13 decided to distribute the dividend on the paid-up capital of Rs. 39.43 crores. The entirety of the dividend has been proposed in bonus shares. Thus, the bonus shares are worth a little over Rs. 9.97 crores. Since the company started joint operation after the merger with Sajilo Laghubitta on 6th Ashoj last year, it has received tax exemption on dividends. Thus, no cash dividend has been proposed.

For the dividend and the AGM, Poush 15 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.

As of writing, SMFDB has an LTP of Rs 1,370.

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