Janaki Finance 21st AGM on Poush 30; to endorse 18% bonus shares

Janaki Finance Limited (JFL) will be convening 21^st Annual General Meeting (AGM) on Poush 30, 2074. The AGM is going to be held at Petroleum Dealers Association, Janakpur – 9 at 9:00 AM. The main agendas of the AGM are:

• To endorse 18% bonus shares and Rs 32.38 lakh (for tax) from the net profit of FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To merge or acquire with other Bank and Financial Institutions (BFIs).
• To change the promoter public capital structure to 51:49.
• To increase the authorized, issued and paid up capital of the company.

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of the auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 19 to Poush 30, 2074. Thus, only those shareholders holding their shares till Poush 18, 2074 are eligible to participate in the AGM and proposed dividend. It current paid up capital stands at Rs 34.18 crore. To meet the capital requirement of Rs 40 crore, it will distribute 18% bonus shares from the net profit of FY 2073/74. It had earned Rs 11.83 crore in the FY 2073/74.