Garima, Tourism, Siddhartha & Bagmati Dev. Bank AGM today; to endorse 20%, 16%, 11% & 15% stock dividend respectively

Garima Bikas Bank Limited (GBBL) is convening its 9th Annual General Meeting (AGM) today (Poush 30, 2072). The AGM is going to be held at Pokhara Grand Hotel, Birauta, Pokhara at 11:30 AM. Main agendas of the AGM are:

• To approve 20 percent bonus share from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share to increase paid up and issued capital and amend article of association accordingly. Also to increase authorized capital up to Rs3 arba.
• Authorize BOD to initiate merger/acquisition with other BFIs by endorsing Due Diligence Audit (DDA) and Memorandum of Understanding (MOU).
• To amend article of association and memorandum of associationas per directed by Company Registrar office or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 4 BOD member from promoter shareholders group and 3 BOD member from public shareholders group. Only those shareholders owning shares till Poush 13 is entitled to the dividend of the company. The register of their shareholders has been closed from Poush 14, 2072 till today for the purpose of its AGM, GBBL had earned net profit of Rs. 2.91 crore in the first quarter of current fiscal year 2072/73 unaudited report. Tourism Development Bank Limited (TDBL) is convening its 6th Annual General Meeting (AGM) today. The AGM is going to be held at Thapagaun Banquet, Thapagaun New Baneswor, Kathmandu at 11:00 AM. Main agendas of the AGM are:

• To approve 16 percent bonus share and 0.8421 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares.
• Authorize BOD to initiate merger/acquisition process with other BFI.
• To amend article of association and memorandum of association as per directed by Office of Company registrar or Nepal Rastra Bank.
• To approve on the change of the central office location of the bank

Other Agendas of the AGM include financial highlights of 2071/72 and appointment of the auditor. As per unaudited report TDBL had earned net profit of Rs 41.28 lakh in the first quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 67.84 crore. After distributing 16 percent bonus share it’s paid up capital will rise to Rs 78.69 crore. Siddhartha Development Bank Limited (SDBL) is convening its 15th Annual General Meeting (AGM) today. The AGM is going to be held at Alpha House, New-Baneswor, Kathmandu at 11:00 AM. Main agendas of the AGM are:

• To approve 11 percent bonus share from the net profit it earned from the fiscal year 2071/72. The fractional bonus share will be rounded to the nearest whole number.
• After issuance of bonus share to increase paid up and issued capital and amend article of association accordingly.
• Another main agenda is conversion of promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio of the finance will stand at 51:49 percent.
• Authorize BOD to make decisions regarding merger/acquisition with Ekata Bikas Bank and Nepal Awas Finance Company.
• To approve share swap ratio prepared by Shree P.J Thapa& Company Chartered accountants for merger/ acquisition process.
• For the purpose of merger/ acquisition to endorse Due Diligence Audit (DDA) and Memorandum of Understanding (MOU).
• To amend article of association and memorandum of association as per directed by Office of Company Registrar or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2070/71 and 2071/72, appointment of auditor and to endorse 0.54 percent cash dividend for tax purpose. Only those shareholders owning shares till Poush 20 is entitled to the dividend of the company. The register of their shareholders has been closes from Poush 21, 2072 till today for the purpose of its AGM, The development bank has earned net profit of Rs 3.44 crore in its first quarter of the current fiscal year 2072/73. Its paid up capital remains at Rs 71.59 crore. Bagmati Development Bank Limited (BGDBL) is holding its 7^thAnnual General Meeting (AGM) today. The AGM is going to be held at the Brihat Bajbani Kendra, Netragunj-6, Sarlahi at 11:30 AM. The main agenda of the AGM are:

• To approve 15 percent bonus share and 0.79 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72.
• Increment of issued and paid up capital and to amend article of association accordingly.
• To propose the time duration of the BOD and CEO of the company and amend article of association accordingly.
• Authorize BOD to initiate merger/acquisition with other BFIs by endorsing Due Diligence Audit (DDA) and Memorandum of Understanding (MOU).

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to endorse help provided to earthquake victim. Only those shareholders owning shares till Poush 14 is entitled to the dividend of the company. The register of their shareholders has been closed from Poush 16, 2072 till today for the purpose of its AGM,