Last day to hold the shares of Aarambha Microfinance and Kanchan Development Bank for the AGM; See the agendas of the meeting

Wed, Dec 26, 2018 6:44 AM on AGM/Special AGM, Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Last day t...

Today is the last day to hold the shares of Aarambha Microfinance Bittiya Sanstha (AMFI) and Kanchan Development Bank Limited (KADBL).

Aarambha Microfinance Bittiya Sanstha Limited (AMFI) will be convening 4thAGM on Poush 24, 2075. The meeting will be convened in the premises of Panchakanya Banquest, Kavrepalanchowk at 11 AM.

The main agendas of the meeting include:

  1. To issue 70% right shares for its shareholders and to provide authority to the BOD to take any related decision
  2. To make changes in the MoA and regulations and to provide authority to the BOD to make changes in future

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76 and to appoint 2 directors from among the ordinary shareholders.

Kanchan Development Bank Limited (KADBL) will be convening its 9th AGM on Poush 21, 2075. The AGM will be convened in the premises of Hotel Opera Pvt. Ltd. Mahendranagar, Kanchanpur at 11:30 AM.

The main agendas of the meeting include:

  1. Approval to issue 5% bonus shares worth Rs 2.53 crore and make adjustments to the fractional shares
  2. To make changes in the MoA and regulations and to provide authority to make further changes in the future

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, distribution of 6.29% cash dividend worth Rs 3.18 crore and appointment of 3 directors from promoters and one directors from ordinary shareholders to fill the vacant position.