NEPSE adjusted the stock price of Forward Community Microfinance Bittiya Sanstha (FOWAD) at Rs 1,052.08 after adjusting32.50 percent stock dividend.
The company is conducting its 7th AGM on January 14 in its head office at Dubahi, Sunsari at 10:30 AM.
The meeting will endorse a proposal of distributing 12.50 percent cash and 32.50 percent stock dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners, approve a proposal to rename the institution and increase capital.
Presently, the company has a paid-up capital of Rs 377.6 million that will reach Rs 500.4 million after the bonus share distribution.
Similarly, NEPSE adjusted the stock price of Kisan Microfinance Bittiya Sanstha (KMFL)at Rs 669.62 after adjusting 23.95 percent stock dividend
The company is conducting its AGM on January 11 in Hotel Shanti, Lamki, Kailali, at 11:00 AM.
The meeting will endorse a proposal of distributing 23.95 percent stock dividend and issue 100 percent right shares of the paid-up capital maintained after the bonus share distribution.
Moreover, the meeting will approve a proposal of forwarding merger/acquisition process to expand its services to the national level.
Currently, the company is in merger process with Mirmire Microfinance and Nagbeli Laghubitta due to which trading of all three companies are in suspension in NEPSE.
Presently, the company has a paid-up capital of Rs 86 million that will reach Rs 106.6 million after the bonus share distribution. The paid-up capital will further increase to Rs 213.2 million after 100 percent right issue.
Likewise, NEPSE adjusted the stock price of Mithila Laghubiitta (MLBBL) at Rs 466.09 after adjusting 15 percent stock dividend.
The company is conducting its 11th AGM on January 14 in the conference hall of Hotel Rajdurbar, Janakpur at 11:00 AM.
The meeting will endorse a proposal of distributing 15 percent stock and 0.789 percent cash dividend to its shareholders.
The meeting will approve a proposal of electing one board of directors, increasing paid-up capital, revise promoter and ordinary shareholder ratio and others. Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition with suitable partners.
Presently, the company has a paid-up capital of Rs 105.8 million that will each Rs 121.7 million after the bonus share distribution.
NEPSE adjusted the stock price of Unnati Microfinance (UMB) at Rs 633.48 after adjusting 38.60 percent stock dividend.
The company is conducting its AGM on January 14 at Hotel Pauwa, Bhairahawa at 10:30 AM. The meeting will endorse a proposal of distributing 40.63 percent dividend including 38.60 percent stock and 2.03 percent cash dividend to the shareholders.
Moreover, the meeting will give final approval to merger/acquisition process with Sahakarya Laghubitta with a swap ratio of 1:0.75. The AGM will also approve a proposal of issuing 100 percent right issue, rename the institution as Unnati Sahakarya Laghubitta, restructure its promoter and ordinary shareholder ratio at 75.45:24.55 and expand it functional area to national level.
Presently, the company has a paid-up capital of Rs 88.2 million that will reach Rs 122.3 million after the bonus share distribution.
Moreover, NEPSE adjusted the stock price of Kanchan Development Bank (KADBL) at Rs 216.36 after adjusting 10 percent stock dividend.
The company is conducting its AGM on January 8 in Hotel Opera, Mahendranagar, at 11:00 AM.
The meeting will endorse a proposal of distributing 10 percent stock and 6 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners.
Presently, the bank has a paid-up capital of Rs 531.3 million that will reach Rs 584.4 million after the bonus share distribution.
NEPSE adjusted the stock price of Manjushree Finance (MFIL) at Rs 139.56 after adjusting 1.75percent stock dividend.
The company is conducting its AGM in Thapagaun Banquet, Thapagaun, New Baneshwor at 11:00 AM. The AGM will endorse a proposal of distributing 1.75 percent stock and 9.80 percent cash dividend to its shareholders.
The meeting will also delegate authority to BOD to forward merger/acquisition, amend article of association and regulation, elect BOD and appoint auditor for the current FY.
NEPSE adjusted the stock price of ICFC Finance (ICFC) at Rs 152.38 after adjusting 5 percent stock dividend.
The company is conducting its AGM on January 13 in CMD Foodland at 11:00 AM.
The meeting will endorse a proposal of distributing 13 percent dividend including 5 percent stock and 8 percent cash dividend including tax to the shareholders.
NEPSE adjusted the stock price of Chhyangdi Hydropower Company (CHL) at Rs 89.52 after adjusting 5 percent stock dividend
The company is conducting its AGM on January 14 in Naxal Banquet, Naxal.
The meeting will endorse a proposal of distributing 5 percent stock and 0.23 percent cash dividend for tax purposes.
The meeting will also approve a proposal of issuing 30 percent right shares of the paid-up capital maintained after bonus share distribution.
