Sparsha Laghubitta convenes 2nd AGM; to dilute promoter shareholding by 2.5% to 67.5%

Tue, Nov 6, 2018 6:14 AM on AGM/Special AGM, Latest, Stock Market,

Sparsha Laghubitta microfinance has conducted its second AGM on Kartik 18, 2075 at Pokhara. The AGM as endorsed all earlier scheduled proposals of the board.

Meanwhile, the AGM has also endorsed special proposal of capital increment thereby restructuring the promoter public shareholding at 67.50 ; 32.50%.

The AGM has also endorsed the proposed 32.5% bonus shares of its paid up capital of Rs 8.29 crore to its existing share holders from the net profit it earned in the previous fiscal year.

The microfinance institution that is promoted by major commercial banks is currently providing microfinance services to more than 12,000 customers from its 20 branches.