Nepal SBI Bank 24th AGM on Poush 19; to endorse 15.42% bonus shares

Nepal SBI Bank Limited (SBI) will be conducting its 24^th Annual General Meeting (AGM) on Poush 19, 2074. The AGM is going to be held at Army Officers Club, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 15.42% bonus shares and 0.81% cash dividend from the net profit of FY 2073/74.
• To conduction election for Board of Director (BOD).
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Mangsir 29 to Poush 19. But only those shareholders holding their shares till Mangsir 28, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividends. Its current paid up capital stands at Rs 6.97 arba. After 15.42% bonus shares, it will reach to Rs 8.05 arba. It has earned Rs 43.91 crore in the first quarter of the FY 2074/75.