United Finance 21st AGM today; to endorse 15% stock dividend & 25% right share

United Finance Company Limited (UFL) is holding its 21^st Annual General Meeting (AGM) today (Mangsir 26, 2072). The AGM is going to be held at Trade Tower Nepal, Thapathali, Kathmandu at 11:00 AM. Main agendas of the AGM are:

• To approve 15 percent bonus share and 0.79 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To endorse right share in the ratio 4:1 (25%) after bonus share is issued
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
• To endorse the help provided to earthquake victims.

The other agenda of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 2 BOD members from ordinary shareholders group and 4 BOD members from promoter shareholders group. Only those shareholders owning shares till Mangsir 6 will be entitled to the dividend of the company. The register of their shareholders will remain close from Mangsir 7, 2072 till Mangsir 26, 2072 for the purpose of its upcoming (AGM). United Finance has earned net profit of Rs. 9.09 crore in its fourth quarter of the last fiscal year 2071/72.