Last day to hold the shares of United Finance to receive 5.23% cash dividend; AGM to be convened on Kartik 30

Today is the last day to hold the shares of United Finance Limited (UFL) to participate in its upcoming 24th AGM.

The AGM will be held on Kartik 30, 2075 (November 16, 2018) at Amrapali Banquet, Bhat Bhateni from 11:00 AM.

The main agenda of the AGM is to approve the proposed 5.23% cash dividend. Other agendas are to furnish the financial reports of FY 74/75 and to appoint statutory auditor for the year 75/76. The company will also take approval for amendment of required documents to adjust increment in capital after partnership with India’s Muthoot Finance Limited.

The company has proposed to offer 2,100,000 units of promoter shares at Rs.190 (Including preminum of Rs.90) per share to Muthoot Finance. UFL is looking to raise capital of Rs.21 Crore after which the paid up capital of the company will go up to Rs.1.01 Arba. The company will also collect share premium of Rs.18.90 Crore. After the completion of the offer, Muthoot Finance will hold 20.78% stake in the company. UFL will also propose to include a represenative from Muthoot Finance in the Board of Directors.