Cosmos & Pacific Dev. Bank AGM today; Cosmos to approve 15% bonus & 1:1 right share, Pacific to approve 24% bonus share

Cosmos Development Bank Limited (CSDBL) is convening its 19th Annual General Meeting (AGM) today (Mangsir 19, 2072). The AGM is going to be held at Hotel Miracle Hall, Gorkha at 11:00 AM. Main agendas of the AGM are:

• To approve 15 percent bonus share 0.79 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To endorse 1:1 right share after the distribution of 15% bonus share.
• 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 5 BOD members from promoter shareholders. Only those shareholders owning shares till Mangsir 1 will be entitled to the bonus share of the company. The register of their shareholders has been closed from Mangsir 2, 2072 till Mangsir 19, 2072 for the purpose of its upcoming (AGM). At present, CSDBL has a paid up capital of Rs 52.28crore. After the issuance of 15 % bonus shares, its paid up capital will reach to Rs 60.12crore. Cosmos Development Bank had earned net profit of Rs. 95.04 lakh in its fourth quarter of the fiscal year 2071/72. Pacific Development Bank Limited is going to hold its 19th Annual General Meeting (AGM) today. The annual general meeting will be held at Gateway Himalaya Resort, Besisahar, Lamjung at 2 PM. The AGM is set to endorse 24 % bonus share from the net profit earned in the last fiscal year. Other agendas of the meeting will be the financial highlights of 2071/72, appointment of auditor, approve 1.26% cash dividend for the tax purpose.