Sahayogi Bikas Bank to approve 24.50% dividend; 14th AGM on 15 Poush; Trading resumed in NEPSE

Sahayogi Bikas Bank Limited (SBBLJ) will be conducting its 14^thAnnual General Meeting (AGM) on Poush 15, 2074. The AGM is going to be held at the central office of the bank,Janakpurdham, at 1 PM. The main agendas of the AGM are:

• To endorse 20% bonus shares and 4.50% cash dividend including for tax purpose to its shareholders from the profit of FY 2073/74.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM include endorsement of financial highlights of the FY 2073/74 and appointment of the auditor for the FY 2074/75. The book closure date for the AGM has been set from Mangsir 28, 2074 to Poush 15, 2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till Mangsir 27, 2074 are entitled for proposed dividends and for participation in the AGM. SBBLJ’s current paid up capital stands at Rs42.47 crore. After 20% bonus shares, its paid up capital will reach to Rs 50.96 crore. It has a net loss of 1.01 crore in the first quarter of current FY 2074/75. Trading of Sahayogi Bikas Bank has been resumed today in Nepal Stock Exchange Limited (NEPSE) as the company's trading was suspended yesterday due to delayed in providing information about AGM to NEPSE..