Kamana Sewa Bikas Bank Announces Annual General Meeting and Dividend Details!
Hey investors and financial enthusiasts! We’ve got some exciting news from Kamana Sewa Bikas Bank Limited! The bank has officially announced the date for its Annual General Meeting (AGM). Mark your calendars, because the AGM is scheduled for October 10th, 2024!
This is a crucial meeting for all shareholders as it will cover several important decisions. The primary agenda item? Approving the dividend to be distributed to shareholders from the profits of the last fiscal year.
The 19th Annual General Meeting will take place at Lisara Reception, Bhagwati Bahal, Naxal, Kathmandu, starting at 11:00 AM.
Dividend Announcement: Get ready for some positive news! The AGM will vote on a proposal to distribute a 10% bonus share from the current paid-up capital. Additionally, a cash dividend of 5.7895% will be distributed, which includes the tax for this purpose. This is a fantastic opportunity for investors to boost their portfolios with bonus shares and cash dividends!
Besides the dividend approval, the AGM will also address the following: granting authority to the board of directors to amend the Articles of Association and Regulations, electing six directors – three from the founding shareholders and three from the general public, and appointing an auditor.
Book Close Date: Important information for those wanting to participate in the AGM and receive the dividend! The bank has set October 8th, 2024, as the book close date. This means that shareholders who have their shares registered in their name by October 7th, 2024, will be eligible to attend the AGM and receive the announced dividends.
This is a great opportunity to review your investment portfolio, consider stock market movements, and potentially add more shares to your investment strategy! Keep an eye on the Nepse for more updates on Kamana Sewa Bikas Bank and other financial institutions. Stay tuned to learn more about financial planning, investment strategies, and the latest news from the banking sector in Nepal. Don’t miss this chance to stay informed and make informed investment decisions!
