Manjushree Finance (MFIL) holds an annual general meeting to approve a 40% dividend and increase authorized capital to Rs. 1.36 Arba.

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On the 29th Poush, 2078, Manjushree Finance Limited (MFIL) will have its 14th Annual General Meeting. The meeting will begin at 11 a.m. that day in the company’s office in New Baneshwor, Kathmandu.

The AGM will approve a 40% dividend for fiscal year 2077/78, among other on the agenda. The board of directors to disburse the dividend on the paid-up capital of Rs. 93,53,94,892 at their 213th meeting on Mangsir 24. 40 percent bonus shares worth little more than Rs 38.61 crores and a 6% cash dividend (including tax) worth Rs 5.79 crore have been from the paid-up capital.

There is also a resolution on the agenda to approve the decision to increase the company’s existing permitted capital from Rs. 1 Arba to Rs. 1.36 Arba, as well as its capital from Rs. 96,53,94,892 to Rs. 1,35,15,52,849. The company’s fresh paid-up capital is Rs. 1,35,15,52,849.

The book will be closed on the 15th of Poush. As a result, shareholders who held shares prior to that date are entitled to the dividend payment and are welcome to attend the AGM.

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