12th AGM of Karnali Dev. Bank today;to endorse 11% stock dividend

Karnali Development Bank Limited (KRBL) is holding its 9th AGM (Annual General Meeting) today. The AGM is being held at Siddhartha Cottage, Surkhet road, Nepalgunj at 1:00 PM. The main agendas of the AGM is to endorse 11 % bonus share and 0.5% cash dividend for tax purpose as proposed by the BoD of the bank, to manage post for executive director and to amend article of association as directed by Nepal Rastra bank. Other agendas of the AGM are the financial highlights of 2071/72, appointment of auditors and to elect 2 BOD members from public shareholders group. Only those shareholders owning shares till Falgun 4 are entitled to the dividend of the company. The register of their shareholders remained close from Falgun 5, 2072 till Falgun 22, 2072 for the purpose of its upcoming (AGM) Karnali Development Bank had paid up capital of Rs 10 crore after distribution of 11 percent bonus share it’s paid up capital will reach to Rs 11.1 crore.