Manjushree Finance concludes its 13th AGM; endorses 18% bonus shares and 5.5% cash dividend

Manjushree Finance has convened its 13^th  AGM for the FY 2076-77 under the leadership of its chairman on Poush 29, 2077.

The AGM has endorsed the decision to provide 18% bonus shares and a 5.5% cash dividend. After the capitalization of the issued bonus shares, the paid-up value of the company will scale up to Rs 96.53 crore.

The AGM also elected Mr. Yadav Adhikari, Mr. Ramhari Sharma, and Mr. Rabin Raj Devkota as board members from the promoters group and Mr. Dilman Singh Chand from the public shareholders’ group and has elected Ms. Indira Pandit Ghimire as the new chairman of the finance company for the next term, as per the media statement.

The finance has so far raised Rs 9 Arba in deposit, disbursed Rs 7.96 Arba as loans, and serves its customers from its branches located in different cities.