ICFC Finance to convene AGM on Poush 29; Major agenda include approval of 8% dividend and election of Directors

ICFC Finance Limited (ICFC) will be convening its 16th Annual General Meeting on Poush 29, 2076 Tuesday at CMD Foodland, Tangal, Kathmandu from 11 AM onwards.

The 256th Board Meeting held on Poush 06, 2076 has decided on the following agendas for the meeting:

• Approval of the annual report of the Board.
• Approval of the audited financial statements for the year 2075/76.
• Approval of the following dividend as proposed by Board:
  Current paid-up capital: Rs 88.21 crore
  Bonus shares: 5% worth Rs 4.41 crore
  Cash Dividend: 8% worth Rs 7.05 crore including tax amount
  Total dividend: 13% worth Rs 11.46 crore
  Paid-up capital after adjustment: Rs 92.62 crore
• Appointment of the auditor for the year 2076/77 and determination of the remuneration.
• Election of three Directors from ordinary shareholders' group with at least one woman.

The book closure is on Poush 15, 2076. Therefore shareholders maintained on Poush 14 will be eligible to participate in AGM and claim a dividend.