Kakrebihar to offer 10% bonus share; book closure on Mangsir 28

ShareSansar, December 5:

Kakrebihar Bikas Bank Limited (KKBL) has decided to hold its 6th annual general meeting on Poush 19, 2071 to endorse 10 percent bonus share to its shareholders.

Issuing a notice today the class ‘B’ development bank based in Birendranagar of Surkhet district has also announced book closure date from Mangsir 28 to Poush 19, 2071.

Hence, only those shareholders who already hold the share of the company by Mangsir 25 will be entitled to get the bonus share.

Earlier in Asar, 2071 the bank has already conducted the special general meeting and approved the agenda to issue 2:1 right share in the coming future.

Talking to ShareSansar over the phone, the Company secretary of Kankrebihar Mr. Jagat Bahadur Thapa informed that the issue of right share will be done immediately after the completion of AGM most probably. He also informed that the book closure for the right share will be published later.

“We are also planning to expand our business to two more districts and not to limit ourselves to Surkhet,” he added. “This is another reason we are floating the right shares.”

Kankrebihar had offered 15 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.