The company will conduct its 4th AGM on November 30 in Dhankuta Bazar. The meeting will endorse a proposal of distributing 7.6291 percent stock and 0.4007 percent cash dividend to its shareholders.
Moreover, the AGM will delegate authority to BOD to carry out merger/acquisition with suitable partners. Similarly, the meeting will amend its article of association to meet the classification of microfinance companies as per NRB directive.
The company has current paid-up capital of Rs 77.5 million that will reach Rs 83.4 million after the bonus share distribution.
