Tinau Development Bank to convene 12th AGM on Poush 07; AGM to endorse 12% bonus shares

Tinau Development Bank Limited (TNBL) will be convening its 12^th AGM on Poush 07, 2075. The meeting will be convened in the premises of Club Denovo Pvt. Ltd, Butwal -9, Rupandehi.

The main agenda of the meeting include:

1. To approve the proposed 12% bonus shares worth RS 6.08 crore.
2. To increase the issued capital and paid-up capital
3. To provide authority to the BOD to take decisions regarding the merger and acquisitions and to make changes in the MoA and regulations of the company.

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, to distribute Rs 32.01 lakh as cash dividend for tax purpose and appointment of 2 directors from the ordinary shareholders.

For the purpose of the AGM, the shareholders register book of the development bank will remain closed on Mangsir 24, 2075 i.e. the shareholders holding the shares of the company till Mangsir 23 will be eligible to participate in the meeting.