Kathmandu. Today is the last day to secure the dividend of Sanima Bank. The bank has decided to close its book on October 12 for dividend and AGM. This means that only the shareholders who have remained in the bank as of October 26 will be eligible to receive the dividend and participate in the meeting.
The bank has decided to hold its annual general meeting on October 18. The rally will begin at 10:00 am at Amrapali Banquet in Bhatbhateni, Kathmandu.
The meeting held the last fiscal year 2081. 82 will pass the proposed cash dividend. As per the agreement, the bank will distribute 7.3685 percent cash dividend (including tax) from the accumulated profit of the last FY.
The AGM will also endorse a proposal to issue unissued unissued unsecured preference shares worth Rs 2 billion at face value of Rs 100. The preference share has an annualized return of 8.25 percent.
The AGM will also endorse a proposal to increase authorized capital of the bank from Rs 20 billion to Rs 22 billion. Accordingly, the proposal to amend the Rules and Memorandum of Association shall be approved.
The meeting will approve the annual report of the previous fiscal year and the financial report of the auditor. The meeting will endorse the proposal regarding the appointment of the auditor and determination of his/her salary for the current fiscal year.
The AGM will also elect 3 directors from promoter group to the board of directors.
