Manjushree Finance Convenes 19th AGM to Approve 20 Percent Dividend and Perpetual Preference Shares

16th October 2026, Kathmandu

Manjushree Finance Limited has formally called its 19th Annual General Meeting (AGM) to approve a 20 percent total dividend distribution and endorse the issuance of NPR 400 million in perpetual non-cumulative preference shares to bolster its primary capital base.

Manjushree Finance 19th AGM 

AGM Schedule, Venue, and Book Closure Notice

The finance company executed the formal call following a board of directors meeting held on Thursday to establish the operational timeline and investor eligibility rules.

• Meeting Call and Schedule: The 19th Annual General Meeting is scheduled to take place on Kartik 20, 2083 (November 6, 2026), commencing at 11:00 AM.
• Meeting Venue: The annual general assembly will be hosted at Thapagaun Banquet, located in Thapagaun, Kathmandu.
• Book Closure Date: The company declared Kartik 11, 2083 (October 27, 2026) as the book closure date for dividend entitlement and AGM participation.
• Shareholder Eligibility: Investors purchasing or holding shares on the Nepal Stock Exchange (NEPSAN) prior to Kartik 11, 2083, are eligible to receive the dividend distribution and vote during the meeting.

Dividend Structure and Capital Return Endorsement

The general assembly will deliberate on the formal endorsement of dividend payouts proposed by the board for the previous fiscal year 2082/83.

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• Proposed Dividend Rate: Approving a total dividend distribution of 20 percent calculated against existing paid-up capital.
• Cash Dividend Component: Includes a 15 percent cash dividend, inclusive of applicable dividend tax payments.
• Bonus Share Component: Includes a 4 percent bonus share issuance to existing shareholders.
• Total Payout Value: Strengthens shareholder value while retaining necessary capital reserves for institutional expansion.

Special Proposals on Perpetual Preference Shares and Authorized Capital Expansion

Manjushree Finance has incorporated critical capital-raising resolutions into its AGM agenda to satisfy regulatory capital adequacy benchmarks set by Nepal Rastra Bank.

• Preference Share Issuance: Special resolution to issue 4 million units of Perpetual Non-Cumulative Preference Shares at a face value of NPR 100 per unit, totaling NPR 400 million.
• Preference Dividend Terms: The preference shares will carry a fixed dividend rate of 8.75 percent, distributable exclusively during profitable operating years upon approval from Nepal Rastra Bank.
• Capital Structuring Purpose: The perpetual preference shares will qualify under Primary Capital (Tier 1) enhancement to support future credit expansion.
• Authorized Capital Hike: Proposal to increase the company’s authorized capital from NPR 1.36 billion to NPR 1.83 billion to accommodate new bonus shares and preference share issuances.
• Memorandum Amendments: Endorsement of requisite modifications to the company’s Memorandum of Association and Articles of Association to reflect capital structure changes.

Financial Audits, Auditor Appointment, and Operational Governance

The meeting will finalize standard corporate governance obligations for past performance and upcoming fiscal oversight.

• Financial Report Approvals: Deliberation and formal approval of the annual board report, financial balance sheets, and statutory auditor reports for fiscal year 2082/83.
• Auditor Appointment: Appointment of external statutory auditors for the current fiscal year 2083/84 and approval of audit remuneration packages.

For More: Manjushree Finance 19th AGM