The bank has called out its 13th AGM on March 23. The 179th board of directors meeting of the bank held on February 15 decided to call the AGM on Gorkha Kitchen, Dharan 8-Sunsari.
The meeting is supposed to endorse a proposal of distributing 17 percent stock and 0.8947 percent cash dividend for tax purpose to its shareholders.
Moreover, the AGM will endorse a proposal of amending its article of association and regulations and delegate authority to BOD to forward merger or acquisition process and carry out required amendments as per regulatory bodies.
Presently, the company has a paid-up capital of Rs 500 million that will reach Rs 585 million after the bonus share distribution.
