Deprosc Laghubitta 16th AGM on Poush 27; endorsing 16% bonus & 15% cash dividend

Deprosc Laghubitta Bikas Bank Limited (DDBL) will be convening 16^th Annual General Meeting (AGM) on Poush 27, 2074. The AGM is going to be held at Bharatpur Garden Resort, Chitwan at 11:00 AM. The main agendas of the AGM are:

• To endorse 16% bonus shares and 15% cash dividend from the net profit of FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To amend the name of the company.
• To amend the meeting and travelling allowance of BOD.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 14 to Poush 27, 2074. Thus only those shareholders holding their shares till Poush 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. DDBL has earned net profit of 5.41 crore in the first quarter of fiscal year 2074/75. Its paid up capital stands at Rs 60.61 crore. After issuance of 16% bonus share, the paid up capital will reach Rs 70.31 crore. Announcement: