Last day to hold the shares of Unnati Microfinance to secure 42.63% dividend and 20% right shares; AGM to be convened on Magh 26

Today is the last day to hold the shares of Unnati Microfinance Bittiya Sanstha for the upcoming AGM.

Unnati Microfinance Bittiya Sanstha Limited (UMB) will be convening its 4th AGM on Magh 26, 2075. The AGM will be conducted on the premises of Hotel Pouwa, Children park, Bhairawa - Rupandehi at 9 AM.

The major agendas for the AGM are:

  • Endorsing 40.50% bonus share and 2.13% cash dividend for tax purposes.
  • Endorsing further 20% (5:1) right shares on the increased (post bonus and existing right share) paid up capital of Rs 8.8275 crore. 
  • Proposing the increment of Authorized capital, issued capital and paid-up capital.
  • Election of directors from public and promoter shareholders group.
  • Merger and acquisition.
  • To make National level Microfinance company
  • Other agendas of the meeting include endorsement of the audited financial report for the FY 2074/75, the appointment of the statutory auditor for the FY 2075/76.

The existing paid up capital of UMB is Rs 5.5 crore. The SEBON has already approved 20% right share of worth Rs 1.1 crore. After the endoresement of 40.5% bonus share and 20% right share the paid up capital of the company will be Rs 8.8275 crore.