Kabeli Bikas Bank and Mount Makalu Development to convene its 10th and 7th AGM on Ashad 23rd; first AGM after acquisition
Fri, Jun 15, 2018 1:29 AM on AGM/Special AGM, Book Closure, Latest, Stock Market,
Kabeli Bikas Bank Limited (KEBL) will be convening its 10th AGM on Ashad 23rd, 2075. As per the decision made by the 207th meeting of the board of directors on Jestha 26th, 2075, the AGM will be held at Hotel Cheap and Best, Dhankuta at 1:00 PM.
Agendas of the meeting include issuance of audited report for fiscal year 2073/74, appointment of statutory auditor for the fiscal year 2074/75 and appointment of BOD; nominating 3 from promoter’s shareholder and 3 from ordinary shareholders.
Other agenda of the meeting includes amendment in the MoA and AoA of the bank and revision of authority of the board of directors for the same.
Book closure date has announced on Ashad 9th, 2075 to Ashad 23rd, 2075 i.e. shareholders with shares until Ashad 8th, 2075 will be eligible to participate in its AGM.
Mount Makalu Development Bank Limited (MMDBL) will be calling up its 7th AGM on Ashad 23rd 2075. As per the decision made by the meeting of the board of directors on Jestha 26, 2075, the AGM will be held at Hotel Cheap and Best, Dhankuta at 1:00 PM.
The agenda of the meeting include issuance of audited report for fiscal year2073/74; appointment of statutory auditor for the fiscal year 2074/75.
Kabeli Bikas Bank and Mount Makalu Development Bank have started their joint transachtion from Jestha 27, 2075 in the name of Kabeli Bikas Bank Limited. The swap ratio between Kabeli Bikas Bank and Mount Makalu Development Bank was set at 100:88.
Kabeli Bikas Bank will hold all the assets and liabilities of Mount Makalu Development Bank. The paid up capital of Kabeli Bikas Bank was Rs 11.47 crore before acquisition and the paid up capital of Mount makalu Development Bank was Rs 10.21 crore.
