General meeting convened by Swavalamban Microfinance on December 3 to pass 25% dividend

General meeting convened by Swavalamban Microfinance on December 3 to pass 25% dividend

Swavalamban Microfinance Financial Institution Limited (SWBBL) has called a general meeting on December 3 to approve 25 percent dividend of the paid up capital proposed to be distributed from last year’s profit.

A meeting of the Board of Directors of Microfinance held on December 29 at 4 pm has convened its 20th Annual General Meeting at 11 am on December 3 at Ellis Reception garidhara, Kathmandu.The meeting of the Board of Directors held on September 7 will pass a proposal to distribute 19 percent bonus share of the paid up capital and 6 percent cash including tax from the profits of the last fiscal year and distribute a total of 25 percent dividend.

At present, the paid up capital of a microfinance company is 943 million. After the distribution of 19 percent bonus shares, the paid up capital of microfinance will reach Rs. 1.12 billion.

In the public notice through Nepse, microfinance has not mentioned the date of book closing for dividend distribution and meeting purposes.