Mahalaxmi Bikas Bank (MLBL) is conducting its 18th AGM on November 15 in All In One Mart Crown Banquet, Minbhawan, Kathmandu at 10:00 AM.
The meeting will endorse 18.89 percent dividend including 8 percent stock and 9.89 percent cash dividend to its shareholders.
The paid-up capital of Rs 2.84 billion will reach Rs 3.07 billion after the bonus share distribution.
Similarly, the meeting will amend its promoter and ordinary shareholder ratio to 52.49 to 47.51. The meeting will also delegate authority to BOD to forward merger/acquisition process with suitable partner.
Similarly, Mero Microfinance Laghubitta Bittiya Sanstha (MERO) is conducting its 7th AGM on November 15 in Hotel Water Tower, Nuwakot, Battar at 11:00 AM.
The meeting will endorse a proposal of distributing 30 percent stock and 1.58 percent cash dividend for tax purpose to its shareholders.
Similarly, the meeting will approve a proposal of delegating authority to BOD to forward merger/acquisition with suitable partners.
Moreover, the company will elect a board of director from ordinary shareholders.
