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Do Not Forget: Last Day to Grab Dividend Proposed by These 4 Companies

Laxmi Bank Limited (LBL) has called its 21st AGM on Poush 08. The meeting will be held in Agrawal Bhawan, Kamalpokhari, Kathmandu, starting at 2 pm that day.

Among other agendas, the AGM will endorse an 11.5% dividend for the fiscal year 2077/78. The 249th meeting of the board of directors held on Kartik 25 decided to distribute 8% bonus shares and 3.5% cash dividend on the paid-up capital. The bonus shares are thus worth 8,556,551.89 units and the cash dividend is worth Rs. 374,349,145. The cash dividend also includes the tax amount for bonus shares.

Mangsir 24 is the book closure date. Thus, shareholders maintained till today are entitled to the dividend payout and can also attend the AGM. LBL closed at Rs. 290 yesterday.

Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has called its 8th AGM on 7th Poush, 2078. The meeting will be held in Mirabel Resort and Hotel, Dhulikhel, starting at 11: 30 am that day.

Among other agendas, the AGM will endorse a 25% dividend for the fiscal year 2077/78. The 118th meeting of the board of directors held on Kartik 15 has decided to distribute 20% bonus shares and 5% cash dividend from the paid-up capital. The paid-up capital of the company is Rs. 28,56,20,160. Thus, the bonus shares are worth slightly over Rs. 5.71 crores and the cash dividend is worth Rs 1.42 crore.

Since the company had started a joint operation with Gharelu Laghubitta on Baisakh this 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, the AGM will also discuss issuing the Further Public Offering (FPO) to the general public. The company intends to convert the shareholding structure to 70:30.

This AGM will also elect 4 board members from the promoters and 2 from the public shareholders.

Mangsir 24 is the book closure date. Thus, shareholders maintained till today are entitled to the dividend payout and can also attend this AGM. As of writing, SMATA has an LTP of Rs. 1,350.

Similarly, Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has called its 15th AGM on Poush 10, i.e. December 25.

Among other agendas, the AGM will endorse a 22.61% dividend for the fiscal year 2077/78. The 279th meeting of the board of directors held on Ashoj 24 decided to distribute the dividend on the paid-up capital of Rs. 49,38,77,574. 21.4875% bonus shares worth Rs 10.61 crores and 1.13% cash dividend (including tax) worth Rs 55.85 lakhs have been proposed. This is the company’s first dividend.

Mangsir 26 is the book closure date. Since today is the last trading day before the book closure date, shareholders maintained before till today are entitled to the dividend payout and can also attend this AGM.

Reliance Life Insurance Limited (RLI) has also called its 4th AGM on 11th Poush, 2078. The meeting will be held in Anmol Banquet, Sankhamul, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse a 5.2632% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Ashoj 18 decided to distribute the entirety of the dividend in cash. Since the paid-up capital of the company is Rs. 2.1 Arba, the cash dividend is worth a little over Rs. 11.05 crores and the tax on the dividend is worth a little over Rs. 55.27 lakhs.

Furthermore, the AGM will elect two board members from the ordinary/ public shareholders. Moreover, this meeting will also endorse the Rs. 7.5 lakhs worth of financial assistance provided to the government for Covid-19 relief.

Mangsir 26 is the book closure date. Since today is the last trading day before the book closure date, shareholders maintained before till today are entitled to the dividend payout and can also attend this AGM.

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