NIC Asia Bank's AGM to be held virtually on Mangsir 21: Agenda Focused on Dividend Endorsement and Capital Restructuring

NIC Asia Bank Limited (NICA) has announced its 23rd AGM on Mangsir 21.

Because of the Covid-19 pandemic, the AGM will be streamed online. Nevertheless, the meeting will be hosted from the office of the registrar in Thapathali, Kathmandu, starting at 9 am.

Among other proposals, the AGM will endorse the dividend for the fiscal year 2076/77. The bank has already proposed a 20% dividend worth Rs 1.94 Arba for the fiscal year 2076/77. The bank has proposed 19% in bonus shares whereas 1% as cash dividend for tax purposes.

Furthermore, the AGM will endorse the amendment in authorized capital and paid-up capital brought about by the addition of the bonus shares.

Book closure for the AGM and dividend was already declared on Mangsir 09. Thus, investors maintained till Mangsir 09 are entitled to the dividend payout and can also attend the AGM. Books will be closed from Mangsir 10 to Mangsir 21.

Announcement