Paschimanchal Finance 20th AGM today; to endorse 15% bonus share; cancels endorsement of 75% right shares
Wed, Aug 24, 2016 3:09 AM on Latest, Dividend, Bonus & Rights, Featured, AGM/Special AGM, Stock Market,
Paschimanchal Finance Limited (PFL) is convening its 20th Annual General Meeting (AGM) today (Bhadra 8, 2073). The AGM is going to be held at Rupandehi, Butwal at 1:00 PM.
Main agendas of the AGM are:
- To endorse 15 percent bonus share and 0.79 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72
- To cancel the endorsement of right share in the ratio 1:0.75 (75%) approved by the company’s SGM held on Mangsir 26,2072.
- To endorse acquisition process of Paschimanchal Finance by Kasthamandap Development Bank Limited of which MOU was signed on Jestha 24, 2073.
- To appoint auditor for due diligence audit (DDA).
- To increase paid up capital after bonus share is issued and amend article of association accordingly.
- To amend the article of association and memorandum of association as directed by Nepal Rastra Bank.
