Kumari Bank's book closure from Kartik 5; AGM scheduled for Kartik 26

ShareSansar, October 15:

Kumari Bank Ltd has announced the book closure beginning from Kartik 5.

According to the notice published by the bank today, it said that the shareholders register will remain closed from Kartik 5 to Kartik 26 for its upcoming annual general meeting.

This means the shareholders having their names in the book by Kartik 4 will be entitled for the dividend of the bank.

The bank has already proposed 33 percent bonus share and 1.74 percent cash dividend to cover for the tax to its shareholders from the profit it posted in the last fiscal year 2070/71.

Meanwhile, the bank has also scheduled its 14th AGM for Kartik 26. The meeting of the bank’s board of directors held on Sunday made the decision in this regard.

The AGM is likely to endorse the proposal of dividend.

According to the fourth quarterly report of the bank, its net profit increased to Rs 34.09 crore on the quarter end of last fiscal year, up from Rs 29.14 crore in the corresponding previous year’s quarter ending.