Last day to clinch 5.95% bonus of Sindhu Bikas Bank; 8th AGM on Ashadh 31

Today is the last day to clinch 5.95% bonus share of Sindhu Bikas Bank Limited (SINDU). The book closure date has been announced on Ashadh 22, 2075 i.e the shareholders holding the shares of the development bank till Ashadh 21 i.e. today will be eligible to receive the bonus.

It will be convening its 8th AGM on Ashadh 31, 2075. The meeting will be held in Miracle Resort and Hotel, Dhulikhel, Kavre at 10:00 AM.

The main agendas of the meeting are:

  1. Endorsement of bonus share worth Rs 2,80,80,816.75.
  2. Expanding the working area of the development bank in two districts (Chitwan and Makwanpur)
  3. To start bancassurance service through the bank
  4. To entrust authority to the board of directors to make any decisions to conduct Due Diligence Audit (DDA) or Memorandum of Understanding (MoU) related to any kind of merger in the future.
  5. To provide authority to the board of directors to make necessary amendments to the memorandum of association (MoA)
  6. To appoint 3 directors from among the ordinary shareholders

Other agendas of the meeting include endorsement of the audited financial statement for the fiscal year 2073/74, appointment of statutory auditor for the fiscal year 2074/75 and to approve for the cash dividend for tax purpose worth Rs 14,77,937.72.

The bank had earned Rs 1.81 crore in third quarter of the current fiscal year 2074/75.

After the adjustment of the right shares, the paid up capital of the company will reach Rs 47.19 crore. After the issuance of 5.95% bonus share, the paid-up capital of the company will reach Rs 50 crore (meeting its minimum requirement of Rs 50 crore).