NMB Microfinance to endorse 15% bonus shares from upcoming AGM on Poush 29; Company to float 150% right shares after adjustment

NMB Microfinance Bittiya Sanstha Limited (NMBMF) will be convening its 6^th AGM on Poush 29, 2075. The AGM will be convened in the premises of White House Party Palace, Pokhara at 11:00 AM.

The main agendas of the meeting include:

1. Endorsing 15% bonus shares worth Rs 2.11 crore for the FY 2074/75
2. Approval to issue 150% right shares after the adjustment of 15% bonus shares
3. To increase the issued and paid-up capital of the company
4. To change the name of the company to “NMB Laghubitta Bittiya Sanstha Limited” from “NMB Microfinance Bittiya Sanstha Limited”.
5. To make necessary amendments in the MoA and regulations and to provide authority to the BOD to make such changes in the future

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76 and distribution of 0.789474% cash dividend for the FY 2074/75.

For the purpose of the meeting, the shareholders register book will remain closed from Poush 15 till Poush 29 i.e shareholders holding shares of the microfinance company till Poush 14 will be able to participate in the AGM and receive 15% bonus shares.