ADBL15% stock dividend book closure on Chaitra 29; AGM on Baishak 14; Paid up to reach Rs 3.93 arba

Agriculture Development Bank Limited (ADBL) had announced 15 percent bonus share and announced 2:1 (50%) right share to its existing shareholders and now the bank has announced the book closure date for the AGM. Agriculture Development Bank upcoming AGM will be held on Baisakh 14, 2073. The AGM is set to approve 15 percent stock dividend to its shareholders. Only the shares registered one day ahead of the book closure date, i.e. Chaitra 28 will be eligible for the bonus shares. Agriculture Development Bank has earned net profit of Rs 38.75 crore in the second quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs. 3.42 arba and after the issuance of 15% bonus share the paid up capital will rise to Rs 3.93 arba.