The AGM being held at Naxal Banquets, Narayanchour is due to endorse 13.36 percent cash dividend and 14 percent bonus shares to its shareholders.
It is also scheduled to soar up the microfinance development bank’s capital base.
The microfinance development bank had posted a net profit of Rs 6.64 crore in the last fiscal year and went on to post additional net profit of over Rs 2 crore in the first quarter of the current fiscal year. -SSN
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