Nirdhan Utthan 18th AGM on Mangsir 12; to endorse 20% stock & 11.58% cash dividend

Nirdhan Utthan Bank Limited (NUBL) will be convening its 18^th Annual General Meeting (AGM) on Mangsir 12, 2073. The AGM is going to be held at Celebration Banquet, Naxal, Kathmandu at 10: 30 AM. Main agendas of the AGM are:

• To endorse 20 percent bonus share and 11.58 percent cash dividend including tax purpose from the net profit it earned from the fiscal year 2072/73.

• After bonus share distribution, it’s issued and paid up capital will increase and to amend the article of association accordingly.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other main agendas of the AGM include financial highlights of 2072/73 and appointment of auditor. Only those shareholders owning shares till Kartik 29, 2073 are entitled to the bonus share of the company. The register of their shareholders has been closed from Kartik  30, 2073 till Mangsir 12, 2073 for the purpose of its AGM. Nirdhan Utthan Bank has earned net profit of Rs 40.46 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 50 crore. After adjustment of 20% bonus share, its paid up capital will reach to Rs 60 crore. Nirdhan Utthan Bank had earned net profit of Rs 40.46 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 50 crore. After adjustment of 20% bonus share, its paid up capital will reach to Rs 60 crore.