Om Development Bank 11th AGM on Falgun 25; endorsing 17.69% bonus shares

Om Development Bank Limited (ODBL) will be convening its 11^th Annual General Meeting (AGM) on Falgun 25, 2074. The AGM is going to be held at Hotel Mount Kailash resort, Lakeside, Pokhara at 10:00 AM. The main agendas of the AGM are:

• To shift the registered office of the bank to Kathmandu Metropolitan City, Kathmandu from Chipledhunga, Pokhara
• To endorse 17.69% bonus share
• To expand the bank’s service in other financial sectors
• To increase the meeting allowance of the Board of Directors
• To give authority to the Board of Directors (BOD) for the required process of merger and acquisition.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74, appointment of auditor for the FY 2074/75 and appointment of 3 members of the Board of Directors each from promoter shareholders and public shareholders. The book closure date for the AGM has been set from Falgun 14 to Falgun 25, 2074. Thus, only those shareholders holding their shares till Falgun 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. It had earned Rs 15.03 crore in the second quarter of the FY 2074/75. See the AGM Notice Here