17th December 2024, Kathmandu
Global IME Microfinance Financial Institution Limited has decided not to distribute dividends to its shareholders from the profit earned in the fiscal year 2023/24.
Global IME Laghubitta Dividend News
Decision Made in Board Meeting
Financial Statements to Be Submitted
The board also approved the financial statements for the fiscal year 2023/24 after a thorough review. These documents will now be prepared and submitted to Nepal Rastra Bank for the necessary regulatory review and final approval as required by standard procedures.
Upcoming AGM to Review
Global IME Microfinance will present this decision, along with the approved financial statements for the fiscal year 2023/24, during its upcoming Annual General Meeting (AGM). The shareholders will have the opportunity to review and endorse both the decision and the financial documents during the meeting.
Focus on Stability
The company has decided to prioritize financial sustainability and long-term growth rather than focusing on immediate dividend payouts.
This strategic move reflects a cautious approach aimed at strengthening its capital position and ensuring the institution’s resilience in the future. By forgoing dividends this year, Global IME Microfinance is positioning itself for more stable and sustainable growth moving forward.
Shareholders will now await further updates and a more detailed explanation of this decision during the upcoming Annual General Meeting (AGM).
For more: Global IME Laghubitta Dividend News
