Everest Finance 13th AGM on Ashwin 30; to approve 14% bonus shares & book closure on Ashwin 14

Everest Finance Limited (EFL) will be convening its 13th Annual General Meeting (AGM) on Ashwin 30, 2072. The AGM will be held at Royal Lumbini Cottage, Lumbini gate, Bhairahawa, Rupandehi at 10:00 AM. Main agendas of the AGM are:

• To endorse 14 percent bonus share and 0.74 cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72. Current paid up capital of the finance stands at Rs 12.06 crore and after issuance of bonus share it’s paid up capital will rise to Rs 16.88 crore.
• Authorize BOD to initiate merger and acquisition process with other financial institutions.
• To amend the article of association accordingly.

Other Agendas of the AGM include financial highlights of 2071/72 and appointment of auditor. Only those shareholders owing shares till Ashwin 13 will be entitled to the dividend of the company. The book closure date for the bonus share is set on Ashwin 14. Everest Finance has earned net profit of Rs 2.25 crore in the fourth quarter of the last fiscal year 2071/72.Its last traded price stood at Rs 210 as on September 24.