Machhapuchchhre Bank Concludes 28th AGM, Reappoints Roshan K.C. as Chairman

Machhapuchchhre Bank Limited Concludes it's 28th Annual General Meeting on 28th Ashoj, 2083 held in Pokhara. The AGM approved a dividend of which comprises a 3% cash dividend and 3% bonus shares, both inclusive of applicable taxes.

The AGM also elected Roshan K.C., Mukunda Mahat and Kriti Mahato as directors representing the promoter shareholders, while Bishwo Prakash Gautam was elected from the public shareholders’ group. Following the AGM, the board reappointed K.C. as chairman for another four-year term.

After the bonus share distribution, the bank’s ordinary paid-up capital will reach Rs. 12.45 billion. Including preference shares, its total paid-up capital will stand at Rs. 15.45 billion.

The bank reported a net profit of Rs. 1.95 billion in the last fiscal year, with earnings per share of Rs. 16.17. The AGM also approved the bank’s annual report for fiscal year 2082/83.