ILFCO Microfinance to change its name & endorse 5% bonus share; 5th AGM on Falgun 22

Fri, Feb 10, 2017 10:06 AM on Latest, Featured, AGM/Special AGM, Stock Market,
ILFCO Microfinance Bittiya Sanstha Limited (ILFCM) will be conducting its 5th Annual General Meeting (AGM) on Falgun 22, 2073. The AGM will be held at C. W. Restaurant, Kamaladi Kathmandu. The main agendas of the AGM include endorsement of 5% bonus share and increment of its issued and paid up capital. Also the agenda includes changing the name of the microfinance. Besides, other agendas include financial highlights of the FY 2072/73, appointment of auditor and election of one BOD member from public shareholders group. The registrar of the shareholders will remain closed from Falgun 7, 2073 onwards till the conduction of the AGM. Only those shareholders owning shares till Falgun 5, 2073 will be entitled to the bonus share of the company. The microfinance company has earned net profit of Rs 33.70 lakh in the second quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 10 crore. After distribution of 5% bonus share its paid up capital will reach Rs 10.50 crore.