Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has announced its 9th Annual General Meeting (AGM) to be held on 4th Poush, 2082. The meeting is scheduled to take place at Hotel Araniko, Dhulikhel, Kavrepalanchowk, starting from 2:00 PM.

10% Dividend Proposed

The AGM will endorse the 10% dividend declared for the fiscal year 2081/82.
As per the decision of the 178th board meeting held on Kartik 28, the dividend will be distributed from the paid-up capital of Rs. 73.30 crores.

The proposed dividend breakdown is as follows:

• 9.5% bonus shares worth Rs. 6.96 crores
• 0.5% cash dividend (including tax) worth Rs. 36.65 lakhs

Other Key Agendas

The AGM will also:

• Approve the auditor’s report, profit & loss statements, financial reports, and cash flow statements.
• Appoint an auditor for FY 2082/83.
• Discuss and decide on identifying a suitable microfinance institution for potential merger or acquisition with Asha Laghubitta.

Book Closure Date

The company has set Mangsir 22 as the book closure date.
Shareholders recorded before this date are eligible for the dividend distribution and are allowed to participate in the AGM.