Himalayan Bank to endorse 42% dividend & issuance of 7:1 right share; AGM today

Himalayan Bank Limited (HBL) is convening its 23rd Annual General Meeting (AGM) today. The AGM is going to be 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 to issue 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. The register of their shareholders will be closed from Mangsir 18, 2072 till today (Poush 8, 2072) for the purpose of its 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.