Araniko Development's 9th AGM; offering stock, cash dividend of 5% each; book closure Chaitra 9

ShareSansar, March 13:

Araniko Development Bank Limited (ARDBL) will be holding its 9th Annual General Meeting on 25th Chaitra at Laliguras Food Land Cafe, Dhulikhel at 11:00 A.M

The AGM is set to endorse 5 percent bonus shares and 5 percent cash dividend to its shareholders from the net profit it earned in last fiscal year 2070/71.

The bank’s paid up capital of Rs 22,32,30,000 will rise to Rs 23,46,91,500 after the issuance of 5 percent bonus shares worth Rs 1,11,61,500.

Meanwhile, the bank has also decided to issue 36% right shares on the new paid up capital to its shareholders. The last day to claim the 36 percent right shares of Araniko Development is 8th Chaitra, before the Book Closure on the 9th of Chaitra.

The other agendas of the meeting are financial highlight 2070/71, appointment of promoter and promoter shareholders and increment of capital.