Kabeli Bikas Bank to endorse 20% bonus & 50% right share; 9th AGM on Baisakh 27; Book closure for bonus on Baisakh 13

Kabeli Bikas Bank Limited (KEBL) will be convening its 9^th Annual General Meeting (AGM) on Baisakh 27, 2074. The AGM is going to be held at Cheap and Best the Foodland , Dhankuta at 11:00 AM. The main agendas of the AGM are:

1. To endorse 20% bonus share on its current paid up capital of Rs 1.40 crore and cash dividend worth Rs 7.38 lakh (for tax purpose)
2. To endorse 2:1 (50%) right share after issuance of the above bonus share.
3. After issuance of bonus and right shares, its capital will increase—and amend its Article of Association and Memorandum of Association accordingly and as per directions received from regulatory authorities

1. To convert promoter shares to public and maintain it to 51:49.
2. Authorized BOD to endorse merger/acquisition with other Banking and Financial Institutions (BFIs)
3. To elect 5 BOD member from promoter shareholders group.

Other agendas of the AGM include endorsement of financial highlights of the FY 2072/73 and appointment of auditor. The register of their shareholders has been closed from Baisakh 13 to Baisakh 27, 2073 for the purpose of this AGM. Only those shares traded one day ahead of the book closure date i.e. Baisakh 12, 2073 are eligible for the bonus shares and for participation in the AGM. A separate book closure date will publish for the right share. Earlier, Kabeli Bikas Bank 8^th AGM  had endorsed 20% bonus and 50% right share and its paid up capital will reach Rs 9.55 crore. Kabeli Bikas Bank 50% right share has been added in SEBON pipeline for approval. Again, KEBL’s paid up capital after its 20% bonus issue will reach at Rs 11.46 crore. After the issuance of 50% right, its paid up capital will reach Rs 17.19 crore.