Srijana Finance concludes its 18 th AGM; endorses 24.5% dividend and proposes 60% right shares and agrees for further bonus shares within 9 months to upgrade into national level company

Srijana Finance has successfully concluded its 18th AGM on Poush 28, 2075 in Biratnagar under the leadership of chairman of the Finance Mr. Suyesh Pyakurel. the AGM has endorsed the board’s proposal to provide 15% bonus shares and 9.50% cash dividend to its shareholders from the profit it had made in the previous fiscal year.

The AGM has also endorsed a decision to expand its work area to 2 more districts of Ilam and Jhapa thereby taking its services to 5 districts. In addition, it also endorsed the proposal to issue 60% right shares to the shareholders within the end of the current fiscal year. The AGM has agreed to upgrade the finance company to the national level by issuing further bonus shares from the profit it made in the current fiscal year within the end of Ashoj, 2076.

Reducing the BoD members to 5 from earlier 7, the AGM has elected Mr. Suyesh Pyakurel, Mr. Subash Acharya, and Mr. Mukesh Rathi and Rajib Kumar Mishara into the board from the public shareholder group.

The AGM was also attended by CEO of the finance company mr. Bhawani Shankar Chapagai, Former BoD Ms. Lila Dhungel, Director of Nirdhan Utthan Microfinance Mr. Mani Aryal, Mr Gobindaram Kabra, Mr. Rajib Mishra among others.