NEPSE adjusted the stock price of Ganapati Microfinance at Rs 462.62 after adjusting 7 percent stock dividend.
The company is conducting its 3rd AGM on December 20 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.
The company closed its book on December 4 for the upcoming AGM, thus, the shareholders registered in its book till December 3 will be eligible to attend the AGM and obtain the announced dividend.
