Last day to clinch 20% bonus shares of Reliable Microfinance; LTP at Rs 2234

Today is the last day to secure 20% bonus shares of Reliable Microfinance Bittiya Sanstha Limited (RMFL). The microfinance company has announced to distribute 20% bonus shares and cash dividend of Rs 5,94,737 (for tax purpose) to its shareholders from the net profit of the FY 2073/74. The book closure date has been set on Ashwin 10, 2074. Only those shareholders owning shares till today (Ashwin 9, 2074) i.e. one day ahead of the book closure date will be eligible to participate in the AGM and for proposed dividends. Last year, it had distributed 20% cash dividends to its shareholders from the net profit it earned in the FY 2072/73 and the finance company had issued 50% right shares from Ashad 25, 2074. RMFL will be convening 5^th Annual General Meeting (AGM) on Ashwin 29, 2074. The AGM is going to be held at Gate Way Himalaya Resort, Besisahar – 9, Lamjung at 10:00 AM. Reliable Microfinance has earned net profit of Rs 1.12 crore in the fourth quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 5.65 crore. After adjustment of 50 % right and 20% bonus shares, its paid capital will rise to Rs 9.6 crore. Its LTP stood at Rs 2,234 as of September 24, 2017.