Sindhu Bikas Bank Calls Out AGM

Jan 24, 2020 11:30 AM Merolagani

Sindhu Bikas Bank (SINDU) has called out 10th AGM on January 31. The bank is calling out the AGM for the second time after it was postponed previously.

Earlier, the bank called out the AGM on January 14 which got postponed due to lack of quorum. The board of directors meeting of the bank held on January 23 decided to call the AGM on January 31.

The bank is conducting the AGM in the conference hall of Chamber of commerce of Sindhupalchowk, Bahrabise at 11:30 AM.

The meeting will endorse a proposal of distributing 12.09 percent dividend including 11.513 percent stock and 0.575 percent cash dividend for tax purposes.

Moreover, the meeting will endorse a proposal of delegating authority to BOD to forward merger/acquisition with a suitable partner.

Presently, the company has a paid-up capital of Rs 502.7 million that will reach Rs 557.6 million after the bonus share distribution.

The bank closed its book on January 1, thus, the shareholders registered in its book till December 31 are eligible to attend the AGM and obtain the announced dividend.


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