Hamro Bikas Bank Limited (HAMRO) will be convening its 8
th Annual General Meeting (AGM) today (Poush 29, 2073). The AGM will be held at Bidur-3, Battar, Nuwakot, Satanchuli Hotel at 1:00 PM.
Main agendas of the AGM are:
- To increased its authorized capital up to Rs 50 crore.
- To endorse 25% bonus shares from the net profit it earned from the fiscal year 2072/73.
- After issuance of bonus share, to endorse 1:2 (200%) right share to its shareholders.
- After issuance of bonus and right share, its issued and paid up capital will increase and amend Article of Association accordingly.
- To initiate merger/acquisition process with other BFIs by endorsing Memorandum of Understanding (MOU) and appoint auditor for Due Diligence Audit (DDA).
Other agendas of the AGM include financial highlights of the FY 2072/73, appointment of auditor and election of 1 BOD members from public shareholders group.
Only those shares registered one day ahead of the book closure date, i.e. Poush 7, 2073 were eligible for the bonus shares. The register of their shareholders was closed from Poush 8, 2073 till Poush 29, 2073 for the purpose of its AGM.
A separate book closure date will be published for the right share.
HAMRO has earned net profit of Rs 1.10 crore in the first quarter of the current fiscal year 2073/ 74. Its paid up capital remains at Rs 12.23 crore. After distribution of 25% bonus share, its paid up capital will rise to Rs 15.28 crore. Again, after issuance of 200 percent right share, the paid up capital will reach to Rs 45.86 crore.
Similarly,
Kailash Bikas Bank Limited (KBBL) will also be convening its 23
rd Annual General Meeting (AGM) today (Poush 29, 2073). The AGM is going to be held at Amritbhog Caterers, Kalikastan, Dillibazar, Kathmandu at 10:00 AM.
Main agendas of the AGM are:
- To endorse 25 percent bonus share from the net profit it earned from the fiscal year 2072/73.
- To authorize BOD to endorse memorandum of understanding (MOU) for the merger/acquisition process and appoint auditor for Due Diligence Audit (DDA).
- To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
Other agendas of the AGM include financial highlights of the FY 2072/73, appointment of auditor and to elect 3 BOD members from promoter shareholders group and 3 BOD members from public shareholders group.
The book closure date for the AGM was set for Poush 14, 2073 till Poush 29, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Poush 13 2073 were eligible for the 25 percent bonus shares, and 20 percent (5:1) right share which was approved from Securities board of Nepal (SEBON) and its AGM.
Kailash Bikas Bank will be issuing 5:1 (20%) rights issue of 3,160,672 numbers of equity shares at the face value NPR 100/- each to be issued to the existing shareholders at par.
Global IME Capital has been assigned as the issue manager for the right issue.
KBBL has earned net profit of Rs 13.01 crore in the first quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 1.58 arba. After issuance of 25% bonus & 20% right share, its paid up capital will reach to Rs 2.29 arba.
