Kumari Bank Limited (KBL) announces 20th AGM on 29th Mangsir; Agenda to endorse 14% dividend for FY 2076/77

Sun, Nov 22, 2020 10:42 AM on Latest, AGM/Special AGM,

Kumari Bank Limited (KBL) has announced its 20th AGM on 29th Mangsir, 2077.

The AGM will commence at 11:30 am. Investors willing to participate will be given online access via Zoom. Nonetheless, the AGM will be hosted from the office of the company registrar, Tangaal, Kathmandu.

Presentation of the annual report along with PNL statement, cash flow, etc. is the usual agenda. Furthermore, the AGM will also endorse a 10.85% bonus shares and a 3.15% cash dividend for the fiscal year 2076/77.

The book closure is on Mangsir 15. Thus, investors maintained before that date are entitled to the dividend payout and can also attend the AGM. 

As of writing, KBL's LTP stands at Rs. 239. A rise in net interest income has led to a 49.89% increment in net profit of Kumari Bank in the first quarter of this year. Its EPS stands at Rs 19.25.

Click here to view the AGM notice.