Biratlaxmi Bikas Bank 11thAGM today; to approve 25% stock dividend

Biratlaxmi  Bikas Bank Limited (BLDBL) is convening its 11th Annual General Meeting (AGM) today (Magh 4, 2072). The AGM is going to be held at Udhyog Sangathan Morang Meeting Hall, Tinpaini, Biratnagar at 11:00 AM. Main agendas of the AGM are:

• To approve 25 percent bonus share from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share to increase paid up, issued capital and authorized capital.
• Authorized BOD to initiate merger/acquisition process with other BFI.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 1 BOD member from public shareholder group. Only those shareholders owning shares till Poush 13 is entitled to the bonus share of the company. The register of their shareholders has been closed from Poush 14, 2072 till today for the purpose of its AGM. At present has a paid up capital of Rs 34.02 crore. After the issuance of 25% bonus shares, its paid up capital will rise to Rs 42.52 crore.