Kathmandu, Poush 9, 2082 – Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has announced its 12th Annual General Meeting, scheduled for Poush 30, 2082. The meeting will convene at the Himalaya Drishya Resort in Dhulikhel, Kavrepalanchowk, beginning at 11:30 AM. A key agenda for the gathering is the endorsement of a 5.26% dividend for the fiscal year 2081/82.

The proposed dividend, decided by the company's board, will be distributed from the profits earned on a paid-up capital of Rs. 62.90 Crores. The payout structure includes a 5% bonus share issue, valued at slightly over Rs. 3.14 Crores, and a 0.2632% cash dividend, which includes tax and amounts to approximately Rs. 16.55 Lakhs. The bonus shares will contribute to the microfinance institution's capital base.

In addition to the dividend declaration, the AGM will seek shareholder approval for the past fiscal year's financial statements. The agenda includes endorsing the auditor's report along with the profit and loss account, financial position report, and cash flow statement. Furthermore, the appointment of an auditor for the upcoming fiscal year 2082/83 will be finalized during the meeting.

The company has set Poush 18 as the book closure date. Shareholders whose names are recorded in the company's register by the end of that day will be entitled to receive the proposed dividend and will be eligible to participate and vote in the upcoming Annual General Meeting.

As a key player in Nepal's microfinance sector, SMATA's dividend declaration and AGM proceedings are closely watched by its investor base, which includes a significant number of local shareholders. The meeting in Dhulikhel will provide a platform for the institution's leadership to present its annual performance and future roadmap directly to its owners.