Forward Community Calls Out AGM on January 13

Dec 23, 2018 Merolagani

Forward Community Microfinance Bittiya Sanstha (FOWAD) has called out its AGM on January 13. The 76th board of directors meeting of the company held on December 21 decided to call the AGM in its head office at Dubahi, Sunsari at 11:00 AM.

The company is closing its book on December 30 for the AGM purpose, thus, the shareholders registered in its book till December 29 will be eligible to attend the AGM and obtain the announced dividend.

The meeting will endorse a proposal of distributing 20 percent cash dividend worth Rs 60 million and 25 percent stock dividend worth Rs 75 million to its shareholders.

Presently, the company has a paid-up capital of Rs 300.1 million that will reach Rs 375.5 million after the bonus share distribution.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM