Last day to clinch 10.75% bonus share of Mega Bank Nepal; 7th AGM on Ashadh 29; appointment of 6 directors to be made in the meeting

Today is the last day to clinch 10.75% bonus shares of Mega Bank Nepal Limited (MEGA).

MEGA had published a notice regarding its 7^thAGM to be held on Ashadh 29, 2075. For the purpose of the AGM, the shareholders register book will remain closed on Ashadh 15, 2075 i.e. the shareholders holding the shares till Ashadh 14 i.e. today will only be eligible to participate in the upcoming AGM.

The meeting will be convened in Rastriya Sabha Griha, Pradarshani Marg, Kathmandu at 11:00 AM.

 The main agendas of the meeting include:

1. Endorsement of  the dividend amounting Rs 99.86 crore (i.e. 10.7539% of the total current paid-up capital)
2. Amendment in the memorandum for the increment of Issued capital and Paid-up capital
3. Endorsement of the proposal to increase the Authorized capital to Rs 11.50 arba
4. Providing authority to the board of directors to make necessary amendments to the memorandum of association.
5. Providing authority to the board of directors to take any decision related to conducting Due Diligence Audit

Other agendas of the meeting include:

1. Endorsement of audited financial report for the fiscal year 2073/74
2. Approval of the statutory auditor and his fees for the Mega Bank Nepal Limited for the FY 2074/75 and former Tourism Development Bank Limited appointed till Baishakh 29, 2075 of the FY 2074/75 and
3. Appointment of 3 directors from promoter's group and 3 directors from general shareholders.

The bank has earned Rs 52.49 crore net profit in the third quarter of the current fiscal year.

Its LTP stood at Rs 176 as of yesterday.