Ganapati  Microfinance Calls Out AGM on December 20

Nov 18, 2019 09:33 AM Merolagani

Ganapati Microfinance has called out 3rd AGM on December 20. The 61st board of directors meeting of the company held on November 15 decided to call the AGM in Jungle Park Resort, Shukla GAndaki, Tanahun, at 3:00 PM.

The meeting is supposed to endorse a proposal of distributing 7 percent stock and 0.3684 percent cash dividend for tax purpose. The current paid-up capital of Rs 103.5 million will reach Rs 110.7 million after the bonus share distribution.

The meeting is also supposed to issue 50 percent right shares of the paid-up capital maintained after bonus share distribution to its existing shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition and amend its article of association and memorandum of association as required by regulatory bodies.

In this regard, the company is closing its book on December 4, thus, the shareholders registered in its book till December 3 will be eligible to attend the AGM and obtain the announced dividend.

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