Mero Microfinance AGM to approve 20% dividend in their 4th AGM today

Mero Microfinance Bittiya Sanstha Limited (MERO) is holding its 4^th Annual general Meeting (AGM) today (Poush 15, 2073). The meeting is being held at conference hall of Hotel Water Tower, Battar, Nuwakot at 11:45 AM. The main agendas of the meeting are to endorse 10 percent bonus share and 10 percent cash dividend (including tax purpose for bonus share) from the net profit it earned from the fiscal year 2072/73, and amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank. Other agendas of the AGM include financial highlights of the FY 2072/73, appointment of auditor and election of 2 BOD members from public shareholders group. Only those shares registered one day ahead of the book closure date, i.e. Poush 3, 2073 were eligible for the dividend. The register of their shareholders was closed from Poush 4, 2073 till Poush 15, 2073 for the purpose of its AGM. Mero Microfinance has earned net profit of Rs 2.14 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital stands at Rs 20 crore. After issuance of 10% bonus share its paid up capital will reach Rs 22 crore.