Nabil Bank 31st AGM on Poush 13; to endorse 30% bonus share & 6.84% cash dividend

Nabil Bank Limited (NABIL)will be convening its 31st Annual General Meeting (AGM) on Poush 13, 2072. The AGM will be held at Nepal PragyaPratisthan, Kamaladi, Kathmandu. Main agendas of the AGM are:

• To endorse 10:3 (30%) bonus shares and 6.842 cash dividend from the net profit it earned from the fiscal year 2071/72. The fractional bonus share will be rounded to the nearest whole number. After the distribution of bonus share, issued and paid up capital will rise to Rs. 4.75 arba.
• To increase authorized capital up to Rs 5 arba.
• To amend article of association per directed by registrar officer or the Nepal Rastra Bank.
• To amend article of association per directed by regulatory bodies, if any.

Other main agendas of the AGM include financial highlights of 2071/72, appointment of auditor and also to consolidate financial highlights of subsidiary company, Nabil Investment Banking Limited. Only those shareholders owning shares till Mangsir 19 will be entitled to the dividend of the company. The register of their shareholders will remain close from Mangsir 20, 2072 till Poush 13, 2072 for the purpose of its upcoming (AGM) whereas, a separate book closure date will be published for the right shares. Nabil bank had earned net profit of Rs. 66.38 crore in first quarter of the fiscal year 2072/73.