Kalinchowk Dev. Bank 4th AGM on Baisakh 4; to approve 6% bonus share

Kalinchowk Development Bank Limited (KCDBL) will be convening its 4th AGM (Annual General Meeting) on Baisakh 4, 2073. The AGM is going to be held at Hotel Sangam Palace, Charikot, Dolakha at 11:30 AM. The main agendas of the AGM are listed below:

• To endorse 6 percent bonus shares and 0.32 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/70.

• After bonus share distribution, to increase the paid up and issued capital and amend article of association accordingly.
• Authorize BOD to amend article of association and memorandum of understanding as per directed by registrar officer or the Nepal Rastra Bank.
• Authorize BoD  to initiate and make decisions regarding possible merger and acquisitions with other BFIs

Other agendas of the AGM are the financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Chaitra 19 will be entitled to the dividend of the company. The register of their shareholders will remain close from Chaitra 20, 2072 till Baisakh 4, 2073 for the purpose of its upcoming (AGM) Kalinchowk Development Bank has paid up capital of Rs 10 crore. After distribution of 6 percent bonus share it’s paid up capital will reach to Rs 10.6 crore.