Lumbini Bikas Bank Limited (LBBL) has published a notice regarding its 11th AGM which will be convened on Shrawan 28, 2076. The AGM has been summoned in the premises of Amrit Bhog, Kalikasthan, Kathmandu at 11:00 AM.
After seven month long wait NRB approves proposed dividend of Lumbini Bikas Bank; bonus shares worth Rs.37.71 Crore to be issued
The main agendas of the meeting include:
*To provide approval to the proposed 17.07% bonus shares worth Rs 37.71 crore.
*To make necessary amendments in the MoA and regulations regarding the increment in the issued and paid-up capital of the company after bonus shares.
*To provide authority to the BOD to make any kind of decisions related to the merger of the organization with other organization or acquisition of any other organization.
*To approve the consolidated financial statement of FY 2074/75 including its subsidiary Vibor Capital Limited.
*Other agendas of the AGM are endorsement of audited financial statement for the FY 2074/75 and appointment of statutory auditor for the FY 2075/76.
The shareholders register book of the development bank will remain closed on Shrawan 22, 2076. So, the shareholders holding the shares of the bank till Shrawan 21 will be eligible to participate in the 11th AGM of the bank and entitled for bonus shares.