Mahalaxmi Bikas Bank (MLBL) Calls AGM to Endorse 21.0526% Dividend, Elect BOD, and Raise Authorized Capital

Mahalaxmi Bikas Bank Limited (MLBL) has called its 20th AGM on 25th Poush, 2078. The meeting will be held in Tribhuvan Army Officers Club, Tundikhel, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse a 21.0526% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Mangsir 12 decided to distribute the dividend on the paid-up capital of Rs. 3.34 Arba. 20% bonus shares worth Rs 66.84 crores and 1.0526% cash dividend (including tax) worth Rs 51.83 lakhs have been proposed.

Furthermore, the AGM will also elect 3 board members from the promoters and 3 from the public shareholders. There is also an agenda to endorse the decision of raising the company's existing authorized capital from Rs. 4 Arba to Rs. 8 Arba.

Poush 13 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM notice with annual financial highlights