Last day to clinch 42% dividends of Mero Microfinance; LTP at Rs 2298

Today is the last day to secure 42% dividends of Mero Microfinance Bittiya Sanstha Limited (MERO). The register of their shareholders will close from Ashwin 2, 2074 to Ashwin 10, 2074. Only those shareholders having shares one trading day ahead of the book closure date i.e. till Ashwin 1, 2074 are eligible for the proposed dividends and AGM. From the profit of FY 2073/74, the microfinance company has announced to distribute 30% stock and 12.105% cash dividends to its shareholders. Its current paid up capital stands at Rs 22.00 crore. After distribution of 30% bonus shares to its shareholders, it will reach to Rs 28.60 crore. Also, the microfinance company will be conducting its 5th AGM on Ashwin 30, 2074. The AGM is going to be held at Hotel Water Tower, Bidur – 3, Batar, Nuwakot at 11.30 AM. The main agendas of the AGM are to endorse 30% bonus shares and 12.105% cash dividends to its shareholders from the profit of FY 2073/74. Other agendas of the AGM include financial highlights of the FY 2073/74, appointment of the auditor for the FY 2074/75 and election of 4 BOD members. MERO had earned Rs 9.28 crore in the fourth quarter of the FY 2073/74. Its LTP stood at Rs 2,298 as of last trading day.