Kakrebihar Bikas Bank 7th AGM today; to endorse 15% stock dividend

Kakrebihar Bikas Bank Limited (KKBL) is holding its 7^th Annual General Meeting (AGM) today (Chaitra 20, 2072). The AGM is going to be held at Surkhet Meeting Hall, Surkhet at 10:00 AM. The main agendas of the AGM are to endorse 15 percent bonus share & 0.79 percent cash dividend for tax purpose, to endorse merger/ acquisition with other BFIs and to amend article of association and memorandum of association, if any, as per directed by Office of Company Registrar or Nepal Rastra Bank. The other agendas of the AGM include financial highlights of 2071/72 and appointment of auditor Only those shareholders owning shares till Falgun 27 is entitled to the bonus share of the company. The register of their shareholders has been closed from Falgun 28, 2072 till today for the purpose of its upcoming AGM. KKBL had earned net profit of Rs 21.38 lakh in the second quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 3.79 crore. After distributing 15 percent bonus share it’s paid up capital will rise to Rs 4.35 crore.