KATHMANDU, March 13: The 5th Annual General Meeting of Bhaktapur Finance on Sunday approved a proposal to distribute 5.5 percent stock dividend and 0.29 percent cash dividend, for tax purpose, to the finance company's shareholders.
Issuing a statement, the finance company said the meeting also authorized its board of board directors to go ahead for merger or acquisition.
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According to the statement, the AGM re-elected Chaityaraj Shakya as chairman and Biswaram Kawa, Mahedra Khayamali, Krishna Bhakta Duwal and Bishnu Prasad Kisi as board directors for a four-year term.
Similarly, Rajan Faju, Ramesh Thapa Shrestha and Kishor Haku Duwal have been elected board directors from public shareholders. The meeting also decided to restructure shareholding ratio of promoters and public shares to 51:49 from existing 62.5:37.5, according to the statement.
