Pokhara & Narayani Finance AGM today; to approve 48.50 % & 25% dividend respectively

Pokhara Finance Limited (PFL) is convening its 19th Annual General Meeting (AGM) today (Kartik 20, 2072). The AGM is going to be held at Hotel Pokhara Grand, Pokhara at 9:00 AM. Main agendas of the AGM are:

• To approve 48.50 percent bonus share and 2.55 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio of the finance will stand at 51:49 percent.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 3 BOD members from ordinary shareholders. Only those shareholders owning shares till Ashwin 28 will be entitled to the bonus share of the company. The register of their shareholders has been closed from Kartik 07, 2072 till Kartik 20, 2072 for the purpose of its upcoming (AGM). At present PFL has a paid up capital of Rs 33.07 crore. After the issuance of 48.50 % bonus shares, its paid up capital will reach to Rs49.11 crore. Pokhara Finance had earned net profit of Rs. 15.63 crore in its fourth quarter of the fiscal year 2071/72. Likewise, Narayani National Finance Limited (NNFC) is holding its 21^st Annual General Meeting (AGM) today (Kartik 20, 2072). The AGM is going to be held at Lainchour Banquet, Nepal Scout Compound, Kathmandu at 10:00 AM. Main agendas of the AGM are:

• To approve 18 percent bonus share and 7 percent cash dividend including for tax purpose from the net profit it earned from the fiscal year 2071/72.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio of the finance will stand at 51:49 percent.
• To amend article of association.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims. Only those shareholders owning shares till Ashwin 27 will be entitled to the bonus share of the company. The register of their shareholders has been closed from Ashwin 28, 2072 till Kartik 20, 2072 for the purpose of its upcoming (AGM). Narayani National Finance had earned net profit of Rs 18.30 crore in its fourth quarter of the fiscal year 2071/72.