Rural Microfinance 19th AGM on Poush 28,  to endorse 5% bonus shares & 15% cash dividend

Rural Microfinance Development Bank Limited (RMDC) will be convening its 19^th Annual General Meeting (AGM) on Poush 28, 2074. The AGM is going to be held at United World Trade Center, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 5% bonus shares and 15% cash dividend from the net profit of FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for FY 2074/75. The register of its shareholders will remain close from Poush 7 till Poush 28, 2074 for the purpose its AGM. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Poush 6, 2074 are eligible for the dividend and participation in the AGM. RMDC’s current paid up capital stands at Rs 69.21 crore. After 5% bonus shares, it will reach to Rs 72.67 crore. It has earned Rs 5.77 crore in the first quarter of the FY 2074/75. Announcement: