Everest Bank 23rd AGM on Poush 28; to endorse 33% bonus shares

Everest Bank Limited (EBL) will be convening its 23^rd Annual General Meeting (AGM) on Poush 28, 2074. The AGM is going to be held at Lainchaur Banquet, Lainchaur, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 33% bonus shares and 1.74% cash dividend (for tax purpose) from the net profit of FY 2073/74.
• To increase issued and paid up capital.
• To conduct election and determination of allowances of Board of Directors (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 13 to Poush 20, 2074. But those shareholders owning shares till Poush 12, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. Everest Bank has earned Rs 53.14 crore in the first quarter of the ongoing fiscal year 2074/75. Its paid up capital stood at Rs 6.11 arba in Q1 of the FY 2074/75. After issuance of 33% bonus share its capital will reach 8.13 arba.  After this bonus EBL will meet NRB minimum paid up capital requirement of Rs 8 arba. See Announcement: