Mahalaxmi Bikas Bank Limited (MLBL) has rescheduled its 20th AGM date. The AGM will now be held on 13th Falgun, 2078, in Nepal Pragya Pratisthan, Kamaladi, Kathmandu, starting at 11 am that day.
The company had previously called its 20th AGM on 25th Poush, 2078 in Tribhuvan Army Officers Club, Tundikhel, Kathmandu. The meeting was postponed since it was not attended by the minimum required number of attendees.
The AGM was then rescheduled to be held on Magh 03. However, a legal writ filed by the promoters had led the High Court, Patan to issue an interim order to postpone the meeting.
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.
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 was 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 clarification of legal procession