Janaki's 18th AGM to endorse 70% Bonus & 7% Cash Div. on Mangsir 20

ShareSansar, November 9:

One of the leading finance companies, Janaki Finance Limited (JFL) is going to hold its 18th Annual General Meeting on Mangsir 20, 2071;  which, inter alias, will endorse 70 percent bonus share and 7 percent cash dividend from the net profit earned in the last fiscal year 2070/71.

One of the officials from JFL told ShareSansar that certain portion of cash dividend will be used for tax purpose for bonus share and cash dividend and approx 4 percent cash dividend will be given as a return to its shareholders.

The Janakpur based Finance company has also announced the book closure for the same from Mangsir 1 to Mangsir 20, 2071.

Only those shareholders who own the shares of the JFL till Kartik 30 will be entitled to dividends offered by the bank.

The AGM of finance is also scheduled to increase its authorized capital from Rs.20 crore to Rs.40 crore figure and other agendas includes the approval of financial statement of FY 2070/71.

Janaki Finance did not offer any dividend to its shareholders in the previous fiscal year 2069/70.