Karnali Development Bank Calls Out SGM on June 14

May 29, 2018 Merolagani

Karnali Development Bank has called out its SGM on June 14. The board of directors meeting of the bank held on may 28 decided to call out the SGM in Swastik Cottage, Surkhetroad, Nepalgunj at 2:00PM.

The SGM will elect directors from promoter shareholders till the next AGM.

The bank is closing its book from June 4 to 14 for the SGM purpose, thus the shareholders registered in its book by June 3 will be eligible to attend the SGM.

After capitalization of recently issued right shares, the paid-up capital of the bank will increase to Rs 490.7 million. In the third quarter of the current FY, the bank earned a net profit of Rs 119.5 million.

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