Kanchan Development Bank successfully conducts 9th AGM; endorses 11% dividend and forms new board continuing the earlier chairman

Kanchan Development Bank has convened its 9th AGM on Poush 21, 2075. The AGM was chaired by the chairman of the development bank and was also attended by CEO Mr. Biru Ram Jaishi, other BoDs among others. The AGM has decided to provide 5% bonus shares and 6.29% cash dividend to its existing shareholders.

The AGM also elected 3 members from the promoter group to the board of the bank who are Mr. Shiva Singh Karki, Mr. Hikmat Bahadur Sah and Mr. Khageshwar Bohora while also elected Ms. Niranjana Pandey from the public shareholder group. The newly formed board has re-elected Mr. Shiv Singh Karki as the chairman of the development bank.