Mahalaxmi Bikas Bank Calls Out AGM on October 12

Sep 21, 2018 Merolagani

Mahalaxmi Bikas Bank (MLBL) has called out its 17th AGM on October 12. The board of directors meeting held on September 27 decided to call the AGM in All in One Crown Banquet, Minbhawan at 11:00 AM.

The meeting is supposed to endorse a proposal of distributing 8 percent stock and 7 percent cash dividend to its shareholders. The company will distribute bonus share worth Rs 210.7 million and cash dividend worth Rs 184.3 million to the shareholders.

The proposed dividend is subjected to approval from NRB and the upcoming AGM of the company.

Presently, the company has a paid-up capital of Rs 2.63 billion that will reach Rs 2.84 billion after the bonus share distribution.

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