Kabeli Bikas Bank to convene its 11th AGM on Poush 28; AGM to endorse 35% bonus shares

Kabeli Bikas Bank Limited (KEBL) will be convening its 11^th AGM on Poush 28, 2075. The meeting will be convened in the premises of Hotel Cheap and Best, Dhankuta at 12:30 PM.

The main agendas of the meeting include:

1. To increase the issued capital and paid-up capital of the bank to Rs 28.42 crore
2. To endorse 35% bonus shares worth Rs 7.37 crore for the FY 2074/75
3. To make changes in the MoA and regulations and to provide authority to the BOD to make such changes
4. To provide authority to the BOD to make decisions regarding the merger and acquisition of the development bank.

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75 and appointment of statutory auditor for the FY 2075/76.

For the purpose of the AGM the shareholders register book of the bank will remain closed from Poush 13 till Poush 28 i.e. the shareholders holding the shares till Poush 12 will be able to participate in the AGM and receive 35% bonus shares.