In the AGM, the bank will endorse a proposal of distributing 5 percent cash dividend to its shareholders. Moreover, the AGM will conduct an election of Board of Directors (BOD) and approve a proposal on an amendment of the Memorandum of Association (MOA) and Articles of Association (AOA).
The company is closing its book from December 27-January 12 for the AGM, thus, the shareholders registered in its book by December 26 will be eligible to participate in the AGM and acquire the announced dividend.
Jalbidhyut Lagani earned a net profit of Rs 207.9 million in the first quarter in the currnet FY.
