Laxmi Bank convenes its 20th AGM; endorses proposal of 9% bonus shares and 2.50% cash dividend to shareholders

Laxmi Bank has virtually convened its 20^th AGM for the FY 2076-77 under the leadership of its chairman.

The AGM has endorsed the board’s proposal to provide 9% bonus shares and 2.50% cash dividend to the shareholders, as per the media statement. after the endorsement of the bonus shares, the paid-up capital of the bank will scale up to Rs 10.69 arba.

The AGM also elected Mr. Biswokaran Jain and Ms. Swati Rungata as new board members from the public shareholder group, as per the media statement.

The bank had raised Rs 100.76 arba as deposit, disbursed Rs 79.79 arba as loan, maintained the balance sheet of Rs 128 arba, earned net profit of Rs 1.41 arba, by the end of the previous fiscal year, as  per the media statement.