Fewa Fin’s book closure: Shareholders till Kartik 14 only entitled for 30.5% dividend

ShareSansar, October 26:

Fewa Finance Ltd will close its shareholder resgister book from Kartik 15. According to a notice published by the Pokhara-based finance company, the book closure from Kartik 15 is intended for the purpose of convening its 12th AGM.

The bank has scheduled its 12th AGm on Kartik 29 at Hotel Pokhara Grand in Pokhara.

Book closure from Kartik 15 means that the investors getting hold of the shares of the finance company till Kartik 14 will only be able to get the handsome dividend of the finance company that it has already announced.

The finance company is offering 20 percent bonus shares and 10.5 percent cash dividend to its shareholders from the net profit that it has earned in the last fiscal year 2070/71.

Fewa Finance has posted a net profit of Rs 9.33 crore in the last fiscal year 2070/71, up from Rs 8.27 crore in the previous fiscal year 06/7, according to the unaudited financial statement of the finance company.