Global IME & Sindhu Bikas bank AGM Today

Global IME Bank Limited (GBIME) is convening its 9th Annual General Meeting (AGM) today, Kartik 29, 2072. The AGM will be held at Nepal Pragya Pratisthan, Kamladi, Kathmandu. Main agendas of the AGM are:

• To endorse 23 percent bonus share from the net profit it earned from the fiscal year 2071/72 and to endorse the proposal to increase issued capital and paid up capital.
• To amend the article of the association and memorandum of the association as necessary
• Authorize BOD to initiate merger and acquisition process with other bank and financial institutions.

Other Agendas of the AGM include financial highlights of 2071/72, to consolidate the books of Global IME Capital Ltd and Global IME Bank ltd. for the fiscal year 2071/72, and appointment of the auditor. Only those shareholders owning shares till Kartik 11 will be entitled to the dividend of the company. The register of their shareholders is closed from Kartik 12, 2072 to Kartik 29, 2072 for the purpose of its upcoming (AGM).   Sindhu Bikas Bank Limited (SINDU) is holding its 6th Annual General Meeting (AGM) today,Kartik 29, 2072. The AGM will be held at Hotel Himalayan Horizon, Dhulikhel, Kavre at 10:00 AM. The main agendas of the AGM are:

• The AGM is expected to endorse 12.5 % bonus share and 0.6578 % cash dividend for tax purpose as proposed by the BoD of the bank.
• Authorize BOD to initiate process to issue 1:1 (100%) right share to its existing shareholders after bonus share is issued.
• To amend article of association accordingly.

Other agendas of the AGM are the financial highlights of 2071/72 and appointment of auditor. Sindhu Bikas Bank had earned net profit of Rs 1.69 crore in its fourth quarter of the last fiscal year 2071/72.