NEPSE adjusted the stock price of ICFC Finance at Rs 639.82 after adjusting 10 percent stock dividend. The last trading price of the stock was Rs 703.80 on December 8.
Similarly, NEPSE adjusted the stock price of Swabhiman Laghubitta at Rs 1919.88 after adjusting 32.30 percent stock dividend. The last trading price of the stock was Rs 2540 on December 8.
ICFC Finance is conducting its 18th AGM on December 20 in the Amrapali Banquet, Thirbam Road, Bhatbhateni, Kathmandu at 10:00 AM.
The meeting will endorse a proposal of distributing 10 percent stock and 4 percent cash dividend to its shareholders.The meeting will also delegate authority to BOD to amend article of association.
Currently, the company has a paid-up capital of Rs 1.02 billion that will reach Rs 1.12 billion after the bonus share distribution.
Similarly, Swabhiman Laghubitta is conducting its 5th AGM on December 23 in its head office at Tilotama, Rupandehi at 1:00 PM through a virtual medium for which the company will provide zoom meeting ID.
The meeting will endorse a proposal of distributing 32.30 percent stock and 1.70 percent cash dividend to its shareholders.
Moreover, the meeting will also delegate authority to BOD forward merger/acquisition with suitable partners, amend article and memorandum of association as per requirement of authority bodies.
