RMDC Microfinance concludes its 24th AGM; endorses proposal of 27.36% dividend to shareholders

RMDC Microfinance has convened its 24^th AGM for the FY 2078-79 under the leadership of its chairman Ms. Sujata Joshi on Chaitra 10, 2079.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 26% bonus shares and a 1.3648% cash dividend to its shareholders from the profit it had made in the previous fiscal year.

The AGM also endorsed the merger agreement with Sana Kisan Laghubitta in a share swap ratio of 100:87, the relocation of its central office to Kathmandu-10 Mid Baneswor, and also endorsed the extension of the tenure of its four board members from the promoters’ group, as per the media statement.