Muktinath Bikas Bank (MNBBL) is conducting its 13th annual general meeting (AGM) today in Hotel Grand Pokhara, Pokhara at 11 AM.
In the AGM, the bank is scheduled to endorse a proposal of distributing 17.60 percent stock and 0.93 percent cash dividend (for tax purpose)of the paid-up capital maintained after 20 percent right issue.
Moreover, the AGM will endorse proposal regarding raise in authorized, issued and paid-up capital and amendment in the memorandum of association (MOA) and articles of association (AOA). Moreover, the meeting will delegate authority to BOD to forward merger/acquisition procedure.
The bank closed its book from December 9 for the AGM, thus, the shareholders registered in the book till December 8 are eligible to participate in the AGM and obtain the announced dividend.
Similarly, Chhimek Laghubitta Bittiya Sanstha (CBBL) is conducting its AGM today in the conference hall of Hotel Samana, Makwanpur, Hetauda at 10:30 AM.
The meeting will endorse a proposal of distributing 27.11 percent stock and 17.21 percent cash dividend to its shareholders.
Moreover, the meeting will delegate authority to BOD to forward merger procedure with suitable partners.
In this regard, the company closed its book on December 2-16 thus the shareholders registered in its book till December 1 are eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 1.18 billion that will reach Rs 1.50 billion after the bonus share distribution.
