NCDB announces 9th AGM to be held on 30th Poush; agenda includes approval of 7.42% dividend

Nepal Community Development Bank (NCDB) will be convening its 9^th AGM on 30^th Poush 2075 at Dreamland Gold Resort, Rupandehi from 9 AM.

The agendas of the AGM includes:

1. Endorsement of audited financial report of FY 74/75.
2. To approve 6.42% cash dividend worth Rs.3.37 Crore.
3. To appoint 4 directors from promoter shareholder group.
4. To approve 1% bonus shares worth Rs.92.64 Lakhs to be distributed for the shareholders and make necessary adjustments in the issued and paid up capital.
5. Appointment of statutory auditor for the FY 75/76.
6. To make necessary adjustments related to merger and acquisition process.

The books of the development bank will remain closed from 17th Poush to 30th Poush.

After the adjustment of bonus shares, the paid up capital of the development bank will reach Rs.53.15 Crore.