NIBL & Ace Capital separate AGM today; NIBL to endorse 122.04% dividend & acquire Ace Capital while Ace Capital to endorse 52% cash dividend

NIBL Capital Markets Limited is conducting its 5^th Annual General Meeting (AGM) today (Ashoj 24, 2074) at NIBL Capital Meeting Hall, Lazimpat, Kathmandu. The main agendas of the AGM are distribution of 97.0443% bonus share and 25% cash dividend including for tax purpose from the profits it earned in FY 2073/74, to increase its capital and   to take necessary steps for the acquisition of Ace Capital Limited. Other agendas of the AGM include endorsement of financial statements of FY 2073/74 and appointment of auditor for FY 2074/75. Likewise, Ace Capital Limited is conducting its 7^th Annual General Meeting (AGM) today (Ashoj 24, 2074) at Nepal Investment Bank Limited, Naxal, Kathmandu. The main agendas of the AGM are endorsement of 52% cash dividend including for tax purpose from the profits it earned in FY 2073/74, acquisition with NIBL Capital and amendment of article of association. Other agendas of the AGM include endorsement of financial statements of FY 2073/74 and appointment of auditor for FY 2074/75.