Mero Microfinance is conducting its 6th AGM on October 26. The AGM will endorse a proposal of distributing 26.32 percent dividend including 15 percent stock and 11.32 percent cash dividend to its shareholders.
The company will also endorse a proposal of issuing 100 percent right shares in a bid to increase its paid-up capital through the meeting.
The paid-up capital of the company will reach Rs 328.9 million after the bonus share distribution which will further increase to Rs 657.8 million after the right issue.
Similarly, First Microfinance Laghubitta Bittiya Sanstha will endorse a proposal of distributing 12.6316 percent cash dividend to its shareholders.
First Microfinance has proposed of distributing cash dividend worth Rs 86.4 million of the total paid-up capital of Rs 684.3 million.
The company is conducting its 9th AGM on October 13 in Anupam Foodland, Battisputali, Kathmandu at 9:00 AM.
In the last FY, First Microfinance earned a net profit of Rs 102.17 million. The company maintained EPS of Rs 14.93, P/E ratio of 36.17 times, net worth per share of Rs 126.9 and total asset per share of Rs 696.54 in the last FY.
