Nepal Stock Exchange (NEPSE) has adjusted the stock price of two microfinance companies, Support Laghubitta Bittiya Sanstha and Forward Microfinance Laghubitta Bittiya Sanstha on November 29 following its book close for upcoming annual general meeting (AGM).

On the day, NEPSE adjusted the stock price of Support microfinance at Rs 2,924.19 after adjusting 13.775 percent stock dividend. The last trading price of the stock was Rs 3,327 on November 28.

Similarly, NEPSE adjusted the stock price of Forward Microfinance at Rs 1,352016 after adjusting 13.33 percent stock dividend. The last trading price of the stock was Rs 1,532 on November 28.

Support Laghubitta (SMB) is holding its 10^th AGM on December 21 at 11 a.m. in Durga Party Palace, Itahari, Sunsari.

The meeting will endorse a proposal of distributing 13.775 percent stock and 0.725 percent cash dividend for tax purposes. Moreover, the meeting will approve a proposal of revising its issued and paid-up capital after bonus share distribution, delegate authority to BOD to forward merger/acquisition and amend article and memorandum of association.

Similarly, Forward Microfinance (FOWAD) is conducting 12th AGM on December 13 in Dinesh Chaudhary Smriti Pratisthan, Sunsari at 11 am.

The meeting will endorse a proposal of distributing 14 percent dividend including 13.3 percent stock and 0.70 percent cash dividend for tax purposes to its shareholders.

Similarly, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners.