Kamana Sewa Bikas Bank Limited (KSBBL) has scheduled its 18th Annual General Meeting (AGM) for Ashwin 30, 2081. The meeting will take place at Lisara Receptions in Naxal, Kathmandu, starting at 10:30 a.m.
One of the key agendas for the AGM is the endorsement of a 12% dividend for the fiscal year 2080/81. As decided by the bank’s board of directors on Bhadra 28, 2081, shareholders will receive 7% in bonus shares and a 5% cash dividend (including tax) from the bank’s profits up to Q4 of FY 2080/81.
Additionally, the AGM will review and approve the auditor’s report, including profit and loss statements, financial reports, and cash flow for FY 2080/81. The bank will also appoint an auditor for the fiscal year 2081/82 and confirm the appointment of an independent director from the public shareholding group.
A significant agenda for the meeting includes the issuance of Perpetual Non-Cumulative Preference Shares valued at Rs. 35 crore, with a nominal value of Rs. 100 per share. These shares, carrying an annual dividend rate of 9%, will only distribute profits in profitable years. The issuance will proceed after receiving regulatory approval, aimed at boosting the bank’s primary capital.
The book closure date has been set for Ashwin 15. Shareholders who maintain their shares on this date are entitled to the dividend and can attend the AGM.
Highlights:
- The Book Closure Date for Kamana Sewa Bikas Bank’s 4.64% Dividend has been announced.
- Sanima Reliance Life Insurance Announces 7th AGM and 18.38% Dividend
- Samudayik Laghubitta Bittiya Sanstha Limited Calls 9th AGM for Fiscal Year 2078/79
- NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution
- Garima Bikas Bank Limited (GBBL) has announced its 17th Annual General Meeting (AGM) scheduled for Poush 29, 2080. The venue for the meeting is set at Hotel Pokhara Grande in Pokhara, Kaski. One of the key agenda items for the AGM is the endorsement of a 10% dividend for the fiscal year 2079/80. This decision was reached during the 297th meeting of the board of directors held on Poush 04, 2080. The proposed distribution includes 9.50% bonus shares totaling Rs. 49.28 crores and 0.50% cash dividend (inclusive of tax) amounting to Rs 2.59 Crores. Another significant agenda involves the endorsement of the auditor’s report, encompassing profit and loss statements, financial reports, and cash flow reports. Additionally, the appointment of an auditor for the fiscal year 2080/81 is on the agenda. There is also a proposal to increase the authorized capital of the company to Rs. 5.70 Arba. Furthermore, there is an agenda addressing the identification of a suitable development bank for potential merger and acquisition with Garima Bikas Bank Limited. The book closure date is set from Poush 17 to Poush 29, allowing shareholders holding shares before this period to be eligible for the dividend payout and attend the AGM.