First Microfinance Dev Bank’s AGM on Bhadra 31, book closure from Bhadra 16

ShareSansar, August 26:

First Microfinance Development Bank has scheduled its fifth annual general meeting (AGM) for Bhadra 31.

According to the notice published by the bank, it announced the book closure from Bhadra 16 to Bahdra 31 means only those shareholders who own the shares of the microfinance development bank till Bhadra 15 will be entitled to dividends to be offered by the bank.

It has announced 15.79 percent cash dividend to its shareholders as well as issuance of 1:1 rights shares to its shareholders.

The paid-up capital of the microfinance development bank will reach to Rs 20 crore from Rs 10 crore after the issuance of the rights shares.

In the notice, it also stated that the shareholders should submit their papers of the share trading conducted till Bhadra 15 at bank’s share registrar’s office Global IME Capital at Jamal by Bhadra 24 for the ownership transfer of the shares.

Its net profit by the end of the fourth quarter of the has increased by 49.7 percent to Rs 2.56 crore in the last fiscal year 2070/71, up from Rs 1.71 crore during the same period of the previous fiscal year 2069/70.