Kanchan Development Bank to convene 9th AGM on Poush 21; AGM to endorse 11.29% dividend

Kanchan Development Bank Limited will be convening its 9^th AGM on Poush 21, 2075. The AGM will be convened in the premises of Hotel Opera Pvt. Ltd. Mahendranagar, Kanchanpur at 11:30 AM.

The main agendas of the meeting include:

1. Approval to issue 5% bonus shares worth Rs 2.53 crore and make adjustments to the fractional shares
2. To make changes in the MoA and regulations and to provide authority to make further changes in the future

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, distribution of 6.29% cash dividend worth Rs 3.18 crore and appointment of 3 directors from promotes and directors from ordinary shareholders to fill the vacant position.

For the purpose of the AGM, the shareholders register book will remain closed on Poush 12 i.e. the shareholders holding the shares till Poush 11 will be eligible to participate in the AGM and to secure 11.29% .