Clean Village Microfinance announces 15 % bonus share; paid up will reach to Rs 4.6cr

Clean Village Microfinance Bittiya Sanstha Limited (CVMF) has decided to distribute 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders. The 36th BOD meeting held today (Poush 6, 2072) has proposed 15 percent bonus share and 0.79% cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Clean Village Microfinance has earned net profit of Rs1.09crore in the fourth quarter of the fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 4 crore and after the issuance of bonus share the paid up capital will rise to Rs 4.6crore. Meanwhile the register of their shareholders will remain close from Poush 12, 2072 till Poush 24, 2072 for the purpose of its upcoming 3^rdAGM. The AGM has been scheduled for Poush 24.Only those shareholders owning shares till Poush 11 will be entitled to the dividend of the company.