Bagmati Dev. Bank to endorse15% stock dividend; AGM on Poush 30

Bagmati Development Bank Limited (BGDBL) will be holding its 7^thAnnual General Meeting (AGM) on Poush 30, 2072. The AGM will be held at the BrihatBajbani Kendra, Netragunj-6, Sarlahi at 11:30 AM. The main agenda of the AGM are:

• To approve 15 percent bonus share and 0.79 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72.
• Increment of issued and paid up capital and to amend article of association accordingly.
• To propose the time duration of the BOD and CEO of the company and amend article of association accordingly.
• Authorize BOD to initiate merger/acquisition with other BFIs by endorsing Due Diligence Audit (DDA) and Memorandum of Understanding (MOU).

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to endorse help provided to earthquake victim. Only those shareholders owning shares till Poush 14 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 16, 2072 till Poush 30, 2072 for the purpose of its upcoming (AGM),