The 9th Annual General Meeting (AGM) of Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has been scheduled for the 24th of Mangsir, 2078.
The AGM will also approve a dividend of 21.0526 percent for the fiscal year 2077/78, among other items on the agenda. During the 117th meeting of the board of directors, which was convened on Ashoj 18, it was resolved to disburse a Rs. 1 Arba dividend on the paid-up capital. The proposal is for the issuance of 20 percent bonus shares worth Rs 20 crores and the payment of a 1.0526 percent cash dividend (including tax) worth Rs 1.05 crore.
Furthermore, four board members will be elected from among the promoters at the AGM.
Mangsir 09 is the date on which the book will be closed. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are welcome to attend the AGM. Earlier today, the ordinary shares of MERO closed at Rs. 1,440 per share.