Manjushree Finance Proposes 20% Dividend for Shareholders, AGM on Kartik 20

Manjushree Finance Limited (MFIL) has announced that its 19th Annual General Meeting (AGM) will be held on Kartik 20, 2083. The meeting will consider several important corporate agendas, including the approval of a proposed 20% dividend for shareholders for the fiscal year 2082/83. According to the decision made at the company's 338th Board of Directors meeting, Manjushree Finance has proposed distributing a 5% bonus share dividend worth Rs. 6.75 crore and a 15% cash dividend amounting to Rs. 20.27 crore for tax purposes. The proposal is based on the company's existing paid-up capital of Rs. 1.35 arba. The dividend distribution will require approval from shareholders at the upcoming AGM. Apart from the dividend proposal, the meeting will review and endorse the auditor's report, along with the company's profit and loss statements, financial statements and cash flow reports. Shareholders will also discuss the appointment of an auditor for the upcoming fiscal year 2083/84. The company has fixed Kartik 11, 2083, as the book closure date to determine shareholder eligibility. Investors who hold Manjushree Finance shares before the book closure date will be eligible for the proposed dividend, subject to approval, and will also be entitled to participate in the AGM. The upcoming AGM will provide shareholders with an opportunity to review the company's financial performance, consider the proposed dividend distribution and make decisions on other key corporate matters. If approved, the proposed 20% dividend will comprise both bonus shares and a cash payout, offering shareholders a combination of additional equity and cash returns for the fiscal year 2082/83.