Kathmandu. Gurans Laghubitta Bittiya Sanstha Limited will have to buy shares by October 11 to receive the 10 percent dividend distributed to the shareholders. Since the company will close the book on October 11 for the purpose of AGM and dividend distribution, the shareholders who have been trading in NEPSE till today will be able to receive the proposed dividend and participate in the annual general meeting.
The microfinance company has proposed to distribute 9.5 percent bonus shares of its current paid-up capital and 0.5 percent cash dividend for tax purposes. The proposal will be presented at the 11th Annual General Meeting of the company to be held on October 26. The meeting will start at 9 am at Hile Kanjirova Makalu Hotel in Dhankuta and will endorse the proposal of distributing bonus shares and cash dividend.
The meeting will also present a proposal to authorize the Board of Directors to amend the Memorandum of Association and Articles of Association and appoint an auditor.
The proposed dividend will be received by the concerned shareholders after approval from the AGM.
