Kisan Microfinance to convene 6th AGM on Poush 07; AGM to endorse 30.53% dividend

Kisan Microfinance Bittiya Sanstha Limited (KMFL) will be convening its 6^th AGM on Poush 07, 2075. The meeting will be convened in the premises of construction area of the company’s office, Kailali at 11:00 AM.

The main agendas of the meeting include:

1. To increase the authorized capital to Rs 18 crore and issued and paid-up capital to Rs 17.20 crore and to make necessary changes in the MoA and regulations.
2. To endorse 29% bonus shares worth Rs 1.39 crore and 1.53% cash dividend worth Rs 7.33 lakh
3. To provide approval to issue 1:1 right shares on the adjusted capital after 29% bonus issue
4. To make amendments in the MoA and to provide authority to the BOD to make further changes.

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76 and to make decision regarding the approval of Rs 1 crore budget for construction of central office.

For the purpose of the AGM, the shareholders register book will remain closed on Mangsir 29, 2075 i.e. the shareholders holding till Mangsir 28 will be able to receive 29% bonus share.