The bank has called out the AGM in the conference hall of Nepal Pragya Pratisthan at 10:30 AM. The meeting is scheduled to endorse a proposal of distributing 12.75 percent stock dividend of the previous FY and 8.50 percent stock dividend of the last FY.
Similarly, the meeting will amend its article of association and policies to carry out stock brokerage services through it or subsidiary company, delegate authority to BOD to forward merger or acquisition with suitable partner, elect 2 directors each from promoter and ordinary shareholder and shifting its Headoffice at Tangal.
Regarding its AGM, the bank is closing its book on April 19, thus, the shareholders registered in its book till April 18 will be eligible to attend the AGMs and obtain the announced dividend.
