SGM of Manjushree Finance today; to endorse 5% right shares

Manjushree Finance Limited (MFIL) is conducting its Special General Meeting (SGM) today (Asoj 25, 2074). The SGM is being held at Thapagaun Banquet, New Baneshwor, Kathmandu. The main agendas are of the SGM are: • To endorse 100:5 (5%) right shares to its shareholders. • To increase issued and paid up capital. • To amend the Memorandum of Association (MOA) and Articles of Association (AOA). • To amend the number of Board of Directors (BOD). The book closure date for the SGM was set on Asoj 9, 2074. Thus only those shareholders holding shares till Asoj 8, 2074, i.e. one day ahead of the book closure date are eligible for SGM and proposed right shares. MFIL’s current paid up capital stands at Rs 72.43 crore and after issuance of 5% right shares, it will reach to Rs 76.05 crore. To meet the capital requirement as directed by the Nepal Rastra Bank, it should further hike its capital by around 5% to make Rs 80 crore capital. It has earned Rs 6.42 crore in the fourth quarter of the FY 2073/74.