Srijana Finance convenes 19th AGM; endorses 15% bonus shares and authorizes board to carry forward acquisition by Sunrise Bank in possible swap of 95

Sun, Jan 26, 2020 9:50 AM on AGM/Special AGM, Corporate, Latest,

Srijana Finance has convened its 19th AGM on Magh 11, 2076 under the leadership of company’s chair Mr. Suyash Pyakurel. The AGM has endorsed the decision to provide 15% bonus shares and 0.789% cash dividend for tax purposes.

The AGM has provided authority to the board to take forward the recently signed acquisition agreement with Sunrise Bank under which the the potential agreement on the share swap ratio has been set at 100:95.

The AGM was also addressed by CEO Mr. Bhawani Sankar Chapagain, former BoD Mr. Lila Dhungel, BoD of Nerude Laghubitta Mr. Mani Aryal, among many others.

The finance company has a capital of Rs 84.78 crore, 1.50 lakh customers, Rs 7.15 arba deposit collection and Rs 4.80 arba loan disbursement and Rs 22.04 crore operational profit by the end of the fiscal year.