Sanima Bank Unveils Book Closure Date for its 7.3685% Dividend; Calls AGM on Kartik 2

Sanima Bank Limited (SANIMA) has called its 21st AGM on 2nd Kartik, 2082. The meeting will be held in the Amrapali Banquet, Bhatbhateni, Kathmandu, starting at 10 AM that day.

Among the other agendas, the AGM will endorse a 7.3685% dividend for the fiscal year 2081/82. The meeting of the Board of Directors (BODs) held on Ashwin 03 decided to distribute a 7.3685% cash dividend (including tax) worth RS. 1.00 Arba. The paid-up capital of the company stands at Rs. 13.58 Arba.

Furthermore, there is an agenda to approve and endorse the auditor’s report along with the profit and loss statements, financial statements, and cash flow statements for FY 2081/82, and to appoint an auditor for the fiscal year 2082/83. There is an agenda to elect 3 boards of directors from the promoter shareholding group..

Also, there is an agenda to issue 8.25% Sanima Perpetual Non-Cumulative Preference Shares worth Rs. 2 Arba at a face value of Rs. 100 per share, in accordance with applicable laws and regulations. The bank also plans to increase its authorized capital from Rs. 20 Arba to Rs. 22 Arba and amend relevant clauses of the Memorandum of Association to reflect the issuance of bonus shares and preference shares as per special resolutions. Additionally, the agenda includes revising directors’ meeting allowances and benefits, amending related provisions in the bank’s bylaws, and authorizing the board to make further amendments as directed by regulatory bodies.

The book closure date is on Ashwin 27. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM.

AGM Notice