Last day to grab share of Nirdhan Utthan Laghubitta and Kamana Sewa Bikas Bank; Book closure tomorrow

Nirdhan Utthan Laghubitta Bittiya Sanstha (NUBL) will be convening its 21st Annual General Meeting on Poush 13, 2076 at Celebration Banquet party palace, Bhagwatibahal, Naxal, Kathmandu fro 10:30 AM onwards.

The 255th Board Meeting held on Mangsir 16, 2076 has decided on the following agendas for the meeting:

  • Approval of the annual report to be presented by the Chairman.
  • Approval of the audited financial statements for the year 2075/76.
  • Appointment of the auditor for the year 2076/77 and determination of the remuneration.
  • Approval of 25% bonus shares worth Rs 30 crore and 15.53% cash dividend worth Rs 18.63 crore including tax.

The book closure date is on Mangsir 30, 2076. Therefore shareholders maintained till Mangsir 29, 2076 (Today) will be eligible to participate in the AGM and claim the dividend.

The current paid up capital of NUBL is Rs 1.20 arba which after the adjustment of bonus will reach Rs 1.50 arba.

The 282nd BOD meeting of Kamana Sewa Bikas Bank (KSBBL) has decided that the 13th AGM of the company will be held on Poush 17, 2076 (January 2, 2020) at Amritbhog, Kalikasthan from 11 AM onwards.

The agenda of the AGM is to endorse audited financial highlights of FY 75/76 and appoint statutory auditor for FY 76/77. The AGM will endorse 6.8% cash dividend (including tax) worth Rs.17.27 Crore or the shareholders out of the profits of FY 75/76. The BOD will be authorized to take decisions regarding merger and acquisitions.

For this purpose, the books of the bank will remain closed from Mangsir 30, 2076 till the date of AGM. Investors holding shares of the bank till Mangsir 29, 2076 (Today) will be eligible to claim the dividend and participate in the AGM of the company.