Mahalaxmi Bikas Bank (MLBL) has called out its 16th AGM on May 4. For the AGM purpose, the company is closing its book from April 20 to May 4.
The AGM is subjected to endorse a proposal of distributing 9 percent cash dividend worth Rs 237 million.
The bank with the highest paid-up capital of Rs 2.63 billion among the development banks has collected a deposit of Rs 24.44 billion and extended loans of Rs 21.37 billion.
The bank is providing its services through 71 branches and 35 ATM counters.
Similarly, Nepal Insurance (NICL) has called out its 69th AGM on May 4. The AGM will endorse a proposal of distributing bonus share of Rs 13.6 million and cash dividend of Rs 719,025 for tax purpose.
Currently, the company is issuing 100 percent right issue to meet the minimum paid-up capital as per IB directive. At present, Nepal Insurance has paid-up capital of Rs 301.9 million which will reach Rs 603.9 million after the right issue.
The company has proposed 2.262 percent bonus share of the paid-up capital maintained after the right issue. After the bonus share distribution, the paid-up capital will reach Rs 617.6 million.