Agricultural Development Bank (ADBL) calls AGM on Poush 29; When's the book closure for AGM and Dividend?

Agricultural Development Bank Limited (ADBL) has called its 14th AGM on Poush 29, i.e. January 13. The meeting will be streamed virtually for investors, starting from 11 am that day.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed a 15.7895% dividend for the fiscal year 2076/77. The 853rd meeting of the board of directors held on Mangsir 29 has decided to distribute 15% bonus shares and 0.7895% cash dividend (for tax purposes) from the paid-up capital. Furthermore, the company has also decided to distribute a 6% cash dividend for Irredeemable Non-cumulative Preference Share.

The book closure date is announced on Poush 15. Thus, investors maintained till that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Poush 15 to Poush 29.