Kathmandu. Kamana Sewa Bikas Bank has called its 19th Annual General Meeting (AGM).
The meeting of the Board of Directors of the bank has decided to hold the AGM on October 24. The meeting will begin at 11:00 am at Lisara Reception in Naxal, Kathmandu.
The meeting held the last fiscal year 2081. The company will approve a total dividend of 15.7895 per cent of the current paid-up capital of Rs 3.51 billion from the distributable profit of Rs 82. Out of this, 10 per cent has bonus shares worth Rs 351,1084,619.54 and cash dividend (including tax) of Rs 20,32,60,440.48.
The meeting will also endorse a proposal to amend the Memorandum of Association of the bank to increase the issued and paid-up capital after the distribution of bonus shares. The AGM shall pass another special resolution empowering the Board of Directors to make any changes or additions to the Memorandum of Association and Articles of Association of the Bank, if directed by the regulatory bodies.
The AGM will elect 3 directors from promoter group and 3 directors from general group. The meeting will approve the annual report and the auditor’s report of the previous fiscal year. Current fiscal year 2082. 83. The meeting shall approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.
The bank has decided to close its book on September 24 for the purpose of dividend and AGM. This means that only shareholders who have remained in the bank as of September 23 will be eligible to receive the dividend and participate in the meeting.
