Mission Development Bank’s AGM to be convened on Poush 26; Shareholders holding till Poush 11 to receive 11% bonus share

Mission Development Bank Limited (MIDBL) will be convening 9^th AGM on Poush 26, 2075. The meeting will be convened in the premises of The Durbar Lawn Pvt. Ltd. Tilottama 3 at 11 AM.

The main agendas of the meeting include:

1. To endorse 11% bonus shares for the FY 2074/75 worth Rs 5.71 crore
2. To expand the working area of the bank
3. To make amendments in the MoA and regulations and to provide authority to the BOD to make such changes in future
4. To provide authority to the BOD to take any decisions regarding the merger and acquisition of the bank

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 Rs 30.06 lakh as cash dividend and to appoint 4 directors from among the promoter shareholders..

For the purpose of the AGM, the shareholders register book will remain closed from Poush 12 till Poush 26 i.e. the shareholders holding the shares of the company till Poush 11 will be able to participate in the AGM.