Mirmire Microfinance announces 50% stock dividend; Paid up capital to reach Rs 3 crore

Mirmire Microfinance Development Bank Limited (MMFDB) has decided to distribute 50 percent stock dividend to its shareholders. As per the notice published in NEPSE today, the company’s BOD meeting has proposed 50 percent bonus share and 2.63 percent cash dividend (for tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company's upcoming Annual General Meeting (AGM). MMFDB has earned net profit of Rs 1.13 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 2 crore. After adjustment of 50% bonus share distribution, its paid up capital will reach to Rs 3 crore.