Nepal Investment Bank’s 31st AGM on Kartik 7; to endorse 15% stock & 25% cash dividend

Nepal Investment Bank Limited (NIB) will be conducting its 31^st Annual General Meeting (AGM) on Kartik 7, 2074. The AGM is going to be held at Rastriya Sabha Griha, Pradarsani Marg, Kathmandu at 10 AM. The main agendas of the AGM are:

• To endorse 15% bonus shares and 25% cash dividends to its shareholders from the profit of FY 2073/74.
• To increase issued and paid up capital.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
• To elect 4 directors from promoter shareholders group.

Other agendas of the AGM include endorsement of financial highlights of the FY 2073/74 and appointment of the auditor for the FY 2074/745. The book closure date for the AGM has been set on Ashwin 18, 2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till Ashwin 17, 2074 are entitled for proposed dividends and for participation in the AGM. NIBL’s current paid up capital stands at Rs 9.24 arba. After 15% bonus shares, its paid up capital will reach to Rs 10.62 arba. NIB has earned Rs 3.29 arba in the fourth quarter of the FY 2073/74.