Machhapuchchhre Bank Calls Out AGM to Approve Dividend Proposal

Sep 13, 2023 08:23 AM Merolagani

Machhapuchchhre Bank (MBL) has called out 25th annual general meeting (AGM) on October 5 in Hotel Pokhara Grand, Pardi, Pokhara at 11 am.

The meeting will endorse a proposal of distributing 13.30 percent stock and 0.70 percent cash dividend to its shareholders.

Similarly, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and amend its article and memorandum of association and appoint an auditor.

In this regard, the bank will close its book on September 25, thus, the shareholders registered in its book till September 24 will be eligible to attend the AGM and obtain the announced dividend.

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