Last day to clinch 31.478% bonus shares of Miteri Development Bank; LTP at Rs 503

Today is the last day to clinch dividend of Miteri Development Bank Limited (MDB). MDB had proposed 31.478% bonus shares and Rs 63 lakh (for tax purpose) from the net profit it had earned in the FY 2073/74. The book closure date for the AGM has been set from Poush 4 to Poush 22, 2074. But those shareholders owning shares till today (Poush 3, 2074) i.e. one day ahead of the book closure date are eligible to participate in the AGM. MDB will be convening its 12^th Annual General Meeting (AGM) on Poush 22, 2074. The AGM is going to be held at Sunsari Uddhyog Banijya Sangh, Dharan – 1, Sunsari at 10:00 AM. MDB’s current paid-up capital stands at Rs 38.02 crore and after issuing the bonus share, its paid-up capital will reach Rs 50 crore. As a 1-3 district level development bank, MDB will have reached NRB’s minimum capital requirement of Rs 50 crore. Miteri Development Bank had earned net profit of Rs 2.33 crore in the first quarter FY 2074/75. Its LTP stood at Rs 503 as of last trading day.