Machhapuchchhre Bank to convene its 20th AGM on Poush 20; AGM to endorse 10% cash dividend

Machhapuchchhre Bank Limited (MBL) will be convening its 20^th AGM on Poush 20, 2075. The AGM will be convened in the premises of Hotel Pokhara Grand, Pokhara at 11:00 AM.

The main agendas of the meeting include:

1. To provide authority to the BOD to perform necessary action regarding the merger and acquisition
2. To make changes in the MoA and regulations and to provide authority to make such changes in the future which includes the plan of the bank to work as a stock broker

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 10% cash dividend and appointment of 3 directors from the promoters.

For the purpose of the AGM, the shareholders register book will remain closed from Poush 06 till Poush 20, i.e. the shareholders holding the shares of the bank till Poush 05 will be able to participate in the AGM and claim 10% cash dividend.