Purnima Bikas Bank proposes 25% Right Share; 9th AGM on Poush 23

Purnima Bikas Bank Limited (PURBL) has proposed to issue 4:1 (25%) right share to its shareholders. As per the notice published in Nepse today, the 152nd BOD Meeting of the company held yesterday (Mangsir 26, 2073) has proposed issuance of rights shares in the proportion of 4:1. The development bank will also be holding its 9^th Annual General Meeting (AGM) on Poush 23, 2073. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming AGM. Recently, the bank had issue 50% right share to its shareholders. Also it had distributed 23.27 percent bonus share to its shareholders from the profit it made in the fiscal year 2071/72. Purnima Bikas Bank had earned net profit of Rs. 1.71 crore in the first quarter of the current fiscal year 2073/74. The paid up capital of the bank remains at Rs 20.17 crore. After the issuance of 50% right share, its paid up capital reaches to Rs 30.25 crore. Again after issuance of 25% right share it’s paid up will reach Rs 37.81 crore.