Himalayan Bank AGM on Poush 8; To endorse 35 % bonus share, 7% Cash dividend & issuance of 7:1 right share

Himalayan Bank Limited (HBL) is going to convene its 23rd Annual General Meeting (AGM) on Poush 8 (December 23). The AGM is being held at Tribhuwan Army Officer’s Club, Bhadrakali, Kathmandu at 11:30 AM. Main agendas of the AGM are:

• To approve 35 percent bonus share and 7.1053 percent cash dividend from the net profit it earned from the fiscal year 2071/72.
• Authorize BOD toissue 7:1 right share after the issuance of bonus share
• To amend article of association and memorandum of association, if any, as per directed by registrar officer or Nepal Rastra Bank

Other Agendas of the AGM include financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Mangsir 17 will be entitled to the bonus share of the company. The register of their shareholders will be closed from Mangsir 18, 2072 till Poush 8, 2072 for the purpose of its upcoming (AGM). Currently HBL has a paid up capital of Rs 3.33 arba. After the issuance of 35 % bonus shares, its paid up capital will reach to Rs 4.49 arba. Himalayan Bank Limited had earned net profit of Rs 32.27 crore in its first quarter of the fiscal year 2072/73.