Central Finance convenes 21st AGM; endorses 8.76% bonus and elects new board

Central Finance has conducted is 21st AGM on Mangsir 1, 2075. The AGM has endorsed the board’s proposal to provide 8.76% bonus shares to the shareholders from the net profit the finance company earned in the FY 2073-74.

The AGM has unanimously elected Mr. Sanjoj Man Shrestha, Ms. Chandika Shrestha, Mr. Chaitya Raj Shakya, Dr. Kishor Hakuduwal, Mr. Vidhya Bhushan Dhoj Joshi and Mr. Ramesh Thapa Shrestha into its board. Following the capitalization of the bonus shares, the paid up value of the finance company stands at Rs 82.34 crore.

The finance company currently has 7 branches including its central office of Kupandol, Lalitpur whereas is mulling to open two more branches in a near future.