BUDBL's book closure from Kartik 18; plans to provide share depository participant service

ShareSansar, October 27:

Business Universal Development Bank Ltd (BUDBL) has said that it will close its shareholder record book from Kartik 18 for the purpose of holding its Annual General Meeting (AGM).
 
According to a notice of the development bank, investors buying shares till Kartik 17 will only be entitled for the benefit that the bank has announced for last fiscal year 2070/71.

BUDBL has already announced 11 percent bonus shares plus 0.58 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2070/71.
 
The development bank had reported a massive rise in net profit of 767.53 percent in the last fiscal year 2070/71.

According to an unaudited financial statement of the bank,its net profit rose to Rs 5 crore from Rs 57.69 lakh at the end of the previous fiscal year 2069/70.

11th AGM of UDBL is slated for Kartik 30 at Amrapali Banquet Bhatbhateni in Kathmandu.

Among other agenda, the AGM is likely to approve the plan of the bank to acquire the membership for the depository participant (DP) for the central depository system (CDS) of the securities.