Mega Bank to convene its 7th AGM today; Bank to endorse 10.75% bonus share

Mega Bank Nepal Limited (MEGA) had published a notice regarding its 7th AGM to be held on Ashadh 29, 2075 i.e. today. The meeting is going to be convened in Rastriya Sabha Griha, Pradarshani Marg, Kathmandu at 11:00 AM.

 The main agendas of the meeting include:

  1. Endorsement of  the dividend amounting Rs 99.86 crore (i.e. 10.7539% of the total current paid-up capital)
  2. Amendment in the memorandum for the increment of Issued capital and Paid-up capital
  3. Endorsement of the proposal to increase the Authorized capital to Rs 11.50 arba
  4. Providing authority to the board of directors to make necessary amendments to the memorandum of association.
  5. Providing authority to the board of directors to take any decision related to conducting Due Diligence Audit

Other agendas of the meeting include:

  1. Endorsement of audited financial report for the fiscal year 2073/74
  2. Approval of the statutory auditor and his fees for the Mega Bank Nepal Limited for the FY 2074/75 and former Tourism Development Bank Limited appointed till Baishakh 29, 2075 of the FY 2074/75 and
  3. Appointment of 3 directors from promoter's group and 3 directors from general shareholders.

For the purpose of the AGM, the shareholders register book had remained closed on Ashadh 15, 2075 i.e. the shareholders holding the shares till Ashadh 14 are eligible to participate in the AGM.

The bank has earned Rs 52.49 crore net profit in the third quarter of the current fiscal year.

Its LTP stood at Rs 158 as of yesterday.