Gandaki Bikas mistakenly published 30% Right Share book closure date on Shrawan 5

ShareSansar, July 22

Gandaki Bikas Bank Limited (GDBL) will be convening its Special General Meeting (SGM) on 16th Shrawan, 2072.

As per the announcement published by the company, the book closure for Special General Meeting and also for the 30% Right Share agenda was set on 5th Shrawan, 2072.

Mr. Chhabindra Nath  Sharma, Acting CEO of Gandaki Bikas Bank said, the book closure date for the right issue is mistakenly printed on the special general meeting announcement. The book closure date is only for Special General Meeting (SGM). After the right share is approved by the SGM then the company will publish the book closure date in the future.

The main agenda of SGM highlights the endorsement of 1: 0.30 (30%) right share from the paid of capital of Rs 35 crore 20 lakh.

The development bank aims to increase its authorized capital to Rs 80 crore, Issued Capital  and Paid up capital to Rs. 45 crore 76 lakh and 45 crore 76 lakh respectively.

Its last traded price in NEPSE stood Rs 340 as of 15th July, 2015.

Notice of SGM announcement

Om Finance and Gandaki Bikas earns Rs 20.16 and 17 cr operating profit respectively in Q4