Prabhu Bank calls AGM on Poush 26; When's the book closure for 10.5263% Dividend?

Prabhu Bank Limited (PRVU) has called its 19th AGM on Poush 26, i.e. January 10. The 194th meeting of the board of directors held on Poush 01 has decided to conduct the AGM virtually that day. The AGM will commence at 11 AM.

Among other proposals, the AGM will endorse the dividend for the fiscal year 2076/77. Prabhu Bank has already proposed a 10.5263% dividend for the fiscal year 2076/77. The meeting of the board of directors had proposed a 10% bonus shares and 0.5263% cash dividend from the paid-up capital for the fiscal year 2076/77. Thus, the bonus shares amounting to Rs. 1.03 Arba and cash dividend amounting Rs. 5.42 crores will be distributed.

Furthermore, Prabhu Bank has informed everyone that NRB has already approved the dividend proposal on Mangsir 30. The dividend will now be endorsed by the company's upcoming AGM and eventually distributed to investors.

Additionally, the AGM will elect 3 members from the promoters and 3 members from the public investors in the board.

The book closure is announced on Poush 10. Thus, investors maintained before that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Poush 10 till the completion of AGM.