Completion of 23rd AGM of SWBBL [SWBBL]

Swabalamban Laghubitta Bittiya Sanstha Ltd. recently held a board meeting where several key decisions were made to benefit its shareholders and employees. These include:

Financial Rewards:

• Cash Dividend: A 0.5% cash dividend of the paid-up capital, amounting to Rs. 1,08,75,000, to shareholders as of the record date.
• Bonus Shares: 14.25% of the paid-up capital, worth NPR 20,66,25,000, will be issued as bonus shares.

Corporate Governance:

• Director Election: Mr. Rabin Kumar Shrestha, a resident of Kathmandu-14, was elected as a director representing public shareholders.
• Auditor Appointment: Sundar & Co. Chartered Accountants, Pulchowk, Lalitpur, were appointed auditors for the fiscal year 2081/82.
• Capital Increase: The authorized capital will be increased to Rs. 1,65,66,25,000 after the issuance of bonus shares.

Strategic Growth:

• Merger and Acquisition: The institution is exploring opportunities to merge or acquire other entities to strengthen its market position and service offerings.

These decisions demonstrate the institution's commitment to rewarding shareholders, strengthening its financial position, motivating employees, and pursuing strategic growth initiatives to enhance its competitiveness in the financial sector.

Completion of 23rd AGM of SWBBL

Completion of 23rd AGM of SWBBL [SBBL]

Completion of 23rd AGM