Womi Microfinance 4th AGM on Poush 29; To approve 20% stock dividend

Womi Microfinance Bittiya Sanstha Limited (WOMI) is convening its 4^thAnnual General Meeting (AGM) on Poush 29, 2072. The AGM is going to be held at WomiMicrofinance Head office, Khanikhola,Naubise, Dhading at11:30 AM. Main Agendas of the AGM are:

• To endorse 20 percent bonus share and 1.10 percent cash dividend for tax purpose to its shareholders.
• 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 2071/72, appointment of auditor and to elect 3 BOD member from public shareholders group. Only those shareholders owning shares till Poush 15 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 16, 2072 till Poush 29, 2072 for the purpose of its upcoming (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.