Everest Bank AGM on Poush 6; to endorse stock & cash dividend; Book closure from Mangsir 15 to Poush 06

Everest Bank Limited (EBL) is convening its 21st Annual General Meeting (AGM) on Poush 6, 2072. The AGM will be held at Lainchaur Banquet, Lainchaur, Kathmandu at11:00 AM. Main Agendas of the AGM are:

• To endorse 30 percent bonus share and 6.578 percent cash dividend (including tax purpose for bonus share) to its shareholders.
• To increase Authorized capital from Rs 500 crore to 1000 crore
• To amend article of Association as such that the Ordinary shareholder can hold bank’s ordinary shares maximum of 5% of paid up capital and should get prior approval from BOD to hold more than 5% of paid up capital.

Other agendas of the AGM include endorsement of financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Mangsir 14 will be entitled to the bonus share of the company. The register of their shareholders will remain close from Mangsir 15, 2072 till Poush 6, 2072 for the purpose of its upcoming AGM. Everest Bank had earned a net profit of Rs 36.37 crore in the first quarter of the fiscal year 2072/73.