Metro Dev announces book closure from Kartik 14 to hold AGM; 16% bonus shares to be endorsed

ShareSansar, October 21:

Metro Development Bank has announced the book closure from Kartik 14.

 Publishing a notice today, the bank stated that the shareholders having their names in the book till Kartik 13 will only be allowed to attend the AGM as the shareholders.

The book closure from Kartik 14 means that the shareholders getting hold of the development bank’s shares till Kartik 13 will only be entitled for the bank’s dividend.

Pokhara-based development bank has already announced 16 percent bonus shares to its shareholders plus 0.84 cash dividend for the tax purpose.  

Meanwhile, the bank has also said it is going to convene its 5th AGM on Kartik 29 at The Fulbari Resort and Spa in Pokhara.

The bank earned Rs 3.46 crore as net profit in the last fiscal year 2070/71, up from Rs 2.14 crore in the previous fiscal year 2069/70, according to an unaudited financial statement of 4th quarter.

The bank had provided 16 percent bonus shares to the shareholders in the last fiscal year also.