Nepal SBI Bank to convene AGM on Mangsir 29, 2076; Agenda to approve 16.84% dividend

Nepal SBI Bank (SBI) will be convening its 26th Annual General Meeting (AGM) on Mangsir 29, 2076 at Tribhuvan Army Officers Club, Bhadrakali, Kathamndu from 11 AM onwards.

The 441st Board Meeting of the bank held on Ashwin 12, 2076 has decided on following agendas:

• Approval of 16.84% dividend for its shareholders.
• Approval of the Annual report for the year 2075/76.
• Approval of financial statements for the year 2075/76.
• Approval of Independent Director appointed by the BOD meeting held on Shrawan 24, 2076.
• Appointment of the auditor and determination of remuneration.

The breakdown of the proposed dividend is given below:

Current paid-up capital: Rs 8.44 arba
Bonus shares: 6% worth Rs 50.69 crore
Cash dividend: 10.84% worth Rs 91.60 crore including tax
Total dividend: 16.84% worth Rs 1.42 arba
Paid-up capital after adjustment: Rs 8.95 arba

The Book closure date has been set on Mangsir 13, 2076. Therefore shareholders maintained on Mangsir 12, 2076 will be eligible to participate in AGM and claim the dividend.