Lumbini Finance to approve 21.618% stock dividend; 19th & 20th AGM today

Lumbini Finance & Leasing Company Limited (LFLC) is holding its 19^th and 20^th Annual General Meeting (AGM) today (Chaitra 12, 2072). The AGM is going to be held at Star Venue, Narayanchowk, Naxal at 11:00 AM. The main agendas of the AGM are to endorse 21.618 percent bonus share &1.14 percent cash dividend for tax purpose and to amend article of association and memorandum of association, if any, as per directed by Office of Company Registrar or Nepal Rastra Bank. The other agenda of the AGM include financial highlights of 2070/71 and 2071/72, appointment of auditor and to elect 4 BOD members from promoter shareholders group. Only those shareholders owning shares till Falgun 30 is entitled to the bonus share of the company. The register of their shareholders has been closed from Chaitra 1, 2072 till today for the purpose of its upcoming AGM. Lumbini Finance has earned net profit of Rs. 40.45 lakh in its first quarter of the current fiscal year 2072/73.