Mero Microfinance & Siddhartha Capital 5th & 6th AGM today respectively

Mero Microfinance Bittiya Sanstha Limited (MERO)  is conducting its 5th AGM today (Ashwin 30, 2074). The AGM is being 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. The register of their shareholders was 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. MERO had earned Rs 9.28 crore in the fourth quarter of the FY 2073/74. Siddhartha Capital Limited is also conducting its 6^th Annual General Meeting (AGM) today (Asoj 30, 2074) at Hotel Shanker, Lazimpat, Kathmandu. The main agendas of the AGM are distribution of 100% bonus share and 25% cash dividend from the profits it earned in FY 2073/74. Other agendas of the AGM include endorsement of financial statements of FY 2073/74 and appointment of auditor for FY 2074/75. The same AGM will also endorse shifting of its registered office from Babarmahal to Naxal, Kathmandu. Siddhartha Capital is a subsidiary company of Siddhartha Bank with the bank holding 51% shares of the Capital.