Book Closure Date Declared for 10.37% Dividend of Mahalaxmi Bikas Bank; AGM On Poush 21

Mahalaxmi Bikas Bank Limited (MLBL) has called its 24th AGM on 21st Poush, 2082. The meeting will be held at 10 AM that day in the Tribhuvan Army Officers' Club, Bhadrakali, Kathmandu.

Among other agendas, the AGM will endorse a 10.37% dividend for the fiscal year 2081/82. The 635th meeting of the board of directors held on Kartik 17 has proposed a 10.37% dividend for the fiscal year 2081/82. 5% bonus shares worth Rs. 21.48 Crores and 5.37% cash dividends (for tax purposes) worth Rs. 23.07 Crores have been proposed. The company's existing paid-up capital is Rs. 4.29 Arba.

Furthermore, an agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2082/83. There's also an agenda to elect 3 directors from the public shareholding group and 3 directors from the promoter shareholding group, and there is an agenda to appoint an independent director.

Poush 07 is the book closure date. Thus, shareholders who maintained their positions before that day are entitled to the dividend payout and can attend this AGM.