Siddhartha Finance conducting 20th AGM today; to endorse 11% stock dividend

Siddhartha Finance Limited is convening its 20th Annual General Meeting (AGM) today. The AGM is being held at Office Building, Prahari Tole, Bhairahawa, Rupandehi at 11:00 AM. The AGM has following main agendas:
  • To endorse 11 percent stock and 0.58 percent cash dividend for tax purpose.
  • To increase issued and paid up capital up to Rs 35.99 crore.
  • To authorize the BoD members to initiate and make decisions regarding possible merger and acquisitions with other BFIs
  • To amend the article of association and memorandum of association as directed by Nepal Rastra Bank.
The others agendas of the meeting are to approve financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Falgun 5 will be entitled to the 11 % bonus share of the company. The register of their shareholders has been closed from Falgun 6, 2072 till Falgun 22, 2072 for the purpose of its upcoming (AGM).