Excel Development Bank Calls Out Postponed AGM

Jun 18, 2020 10:23 AM Merolagani

Excel Development Bank (EDBL) has called out postponed AGM on June 28 in Hotel Timeless Moments, Birtamod, Jhapa at 1:00 PM.

The meeting will endorse a proposal of distributing 17.10 percent stock and Rs 6.2 million in cash dividend for tax purposes to its shareholders.

Moreover, the meeting will approve a proposal of issuing 30 percent right share and delegate authority to BOD to forward merger/acquisition with suitable partners.

In this regard, the company closed its book from March 20, thus, the shareholders registered in its book till March 19 are eligible to attend the AGM and obtain the announced dividend.

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