Nirdhan Utthan Bank to convene its 17th AGM on Poush 11; to endorse 61.91% dividend

Nirdhan Utthan Bank Limited (NUBL) will be convening its 17th Annual General Meeting (AGM) on Poush 11, 2072 . The AGM will be held at the Celebration Banquet, Narayan Chaur, Naxal, Kathmandu. Main agendas of the AGM are:

• To endorse 48.81 percent bonus share from the net profit it earned from the fiscal year 2071/72.
• To increase the authorize capital from Rs 50 crore to Rs 100 crore.
• To increase issued capital and paid up capital
• To amend the article of association

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and to endorse 13.10% cash dividend. Only those shareholders owning shares till Mangsir 22 will be entitled to the dividend of the company. The register of their shareholders will remain close from Mangsir 23, 2072 till Poush 11, 2072 for the purpose of its upcoming (AGM).