On the day, NEPSE adjusted the stock price of NRN Infrastructure (NRN) at Rs 1061.90 after adjusting 5 percent stock dividend. The last trading price of the stock was Rs 1115 on December 5.
Similarly, NEPSE adjusted the stock price of First Microfinance (FMDBL) at Rs 731.19 after adjusting 9 percent stock dividend. The last trading price of the stock was Rs 797 on December 5.
NRN Infrastructure and Development is conducting its 12th AGM on December 27 at 9 a.m. in Amrapali Banquet, Thirbam Sadak, Kathmandu.
The meeting will endorse a proposal of distributing a 5 percent stock dividend and 0.2632 percent cash dividend for tax purposes to its shareholders.
Moreover, the meeting will also approve a proposal of issuing 100 percent right shares of the paid-up capital maintained after bonus share distribution.
Likewise, First Microfinance Laghubitta Bittiya Sanstha is conducting 15th AGM on December 26 in Amrapali Banquet, Bhatbhateni, Kathmandu at 10 am.
The meeting will endorse a proposal of distributing 9 percent stock dividend and 0.47 percent cash dividend for tax purposes to its shareholders. Moreover, the meeting will approve proposals of increasing authorized, issued and paid-up capital, delegate authority to BOD to amend article and memorandum of association and forward merger/acquisition, appoint an auditor and elect three directors from ordinary shareholders.
