Shine Resunga has proposed of distributing 17.70 percent stock and 0.93 percent cash dividend for tax purpose to its shareholders. The bank is conducting its 10th AGM on October 14 in Amrapali Cottage and Restaurant, Butwal at 10:30 AM.
The meeting will also approve proposals of amending MoA to increase issued capital and paid-up capital and delegate authority to the BOD to seek potential merger and acquisition partners.
After bonus distribution, its paid-up capital will reach Rs 1.62 billion.
Similarly, Janaki Finance has proposed of distributing 22 percent stock and 1.16 percent cash dividend for tax purpose. It is conducting its AGM on October 15 in Hotel Rama Pvt. Ltd, Janakpurdham at 9:00 AM.
The paid-up capital of Janaki Finance will reach Rs 492.1 million after bonus share distribution.