Jyoti Bikas Bank 10th AGM on Poush 30; to endorse 10% bonus share

Jyoti Bikas Bank Limited (JBBL) will be convening 10^th Annual General Meeting (AGM) on Poush 30, 2074. The AGM is being held at Rastriya Sabha Griha, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 10% bonus shares to its shareholders from the profit of FY 2073/74.
• To amend the issued and paid up capital of the company.
• To merge or acquire with other Bank and Financial Institutions (BFIs).
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA) as per directions received by regulatory bodies

Other agendas of the AGM include endorsement of financial statements of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 16 to Poush 30, 2074. Thus, shareholders holding shares till Poush 15, i.e. one day ahead of the book closure date are eligible to participate in AGM and for proposed dividend. JBBL had earned Rs 4.52 crore in the first quarter of current fiscal year 2074/75. Its paid up capital after acquisition reached Rs 2.36 arba and after the issuance of this bonus share, its paid up capital will reach Rs 2.59 arba. Jyoti Bikas Bank will maintain the minimum paid up capital requirement by issuing bonus share.