Muktinath Bikas Bank to convene 12th AGM on Mangsir 29; Bank to approve 18.25% bonus shares

Muktinath Bikas Bank Limited (MNBBL) will be convening its 12^th AGM on Mangsir 29, 2075. The meeting will be convened in the premises of City Square, Pokhara at 11:00 AM.

The main agenda of the meeting include:

1. Approval for the 18.25% bonus shares worth Rs 47.29 crore
2. To raise the authorized capital of the bank to Rs 4 arba
3. Issuance of 20% right shares on the adjusted paid-up capital after 18.25% bonus shares
4. To make amendments in the MoA and to provide authority to the BOD to make further amendments
5. To provide authority to the BOD to take decision on the merger and acquisition

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 and endorsement of 0.96% cash dividend worth Rs 2.48 crore for tax purpose.

For the purpose of the AGM, the shareholders register book of the development bank will be closed from Mangsir 18 till Mangsir 29, 2075 i.e. the shareholders holding the shares of the bank till Mangsir 17 will be eligible to participate in the AGM and to receive 18.25% bonus shares.