Womi Microfinance endorses 2:1 right after 20% bonus share through 4th AGM; Paid up to reach Rs 5.4 crore

Womi Microfinance Bittiya Sanstha Limited (WOMI) convened its 4^thAnnual General Meeting (AGM) on Poush 29. The AGM was held at Womi Microfinance Head office, Khanikhola,Naubise, Dhading at11:30 AM.

Endorsed Agendas of the AGM are:

• 20 percent bonus share and 1.10 percent cash dividend for tax purpose to its shareholders.
• Issuance of 2:1 right share after distribution of bonus share
• To increase authorized capital, issued capital and paid up capital.
• To amend the article of association as directed by Office of Company registrar or the Nepal Rastra Bank.

Other endorsed agendas of the AGM includes financial highlights of 2071/72, appointment of auditor.

Mr. Krishna Raj Silwal, Mr. Shiva Prasad Mishra and Ms. Kamala Sapkota were uncontested for the post of director in BoD representing ordinary shareholders.

Only those shareholders owning shares till Poush 15 is entitled to the dividend of the company. The register of their shareholders remained close from Poush 16, to Poush 29, 2072 for the purpose of its AGM,

Womi had floated its IPO of 1, 47,000 unit shares from Ashad 22, 2072 to Ashad 25, 2072. Since the allotment took place through lottery, all allottees were eligible for a minimum of 10 unit shares.

The microfinance had earned a net profit of Rs 62.03 lakh in its 2nd quarter of the fiscal year 2071/72. Its net worth per share stands at Rs 116.12 and earnings per share at Rs 26.77.