Womi Microfinance 5th AGM on Mangsir 30; to approve 20% stock dividend; Book Closure on Mangsir 16

Womi Microfinance Bittiya Sanstha Limited (WOMI) will be convening its 5^thAnnual General Meeting (AGM) on Mangsir 30, 2073. The AGM will be held at Meeting Hall of Nribeshwor Temple, Simbazaar, Naubise, Dhading at11:30 AM. Main Agendas of the AGM are:

• To endorse 20 percent bonus share and 1.108 percent cash dividend for tax purpose to its shareholders.
• To authorize BOD for necessary procedures relating to merger/acquisition, signing Memorandum of Understanding (MOU) of the microfinance company with other Bank and Financial Institutions.
• To review on BOD meeting allowance.
• To increase authorized capital, issued capital and paid up capital.
• To amend the article of association as directed by registrar officer or the Nepal Rastra Bank.

Other agendas of the AGM include endorsement of financial highlights of 2072/73, appointment of auditor and election of 3 BOD members from public shareholders group. Only those shareholders owning shares till Mangsir 15, 2073 will be entitled to the dividend of the company. The register of their shareholders will remain closed from Mangsir 16, 2072 till Mangsir 30, 2072 for the purpose of its upcoming (AGM), The microfinance had earned a net profit of Rs 52.67 lakh in its 1st quarter of the fiscal year 2073/74. It has paid up capital of Rs 4.68 crore. After distribution of 20% bonus share, its paid up will reach to Rs 5.61 crore.