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June 19: The 10th annual general meeting (AGM) of Sagarmatha Finance has decided to distribute bonus shares to its shareholders. The AGM held under the chairmanship of Madan Kumar Rai, President of the company on June 18 approved the distribution of 15.85 percent bonus shares and issuance of right shares in the ratio of 10:8 on the paid-up capital maintained after the distribution of bonus shares. The lalitpur-based finance company is currently providing services its customers through 10 branches.
The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.
According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.
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<p>According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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<p>The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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