Purnima Bikas Bank to convene 8th AGM on Poush 29; to endorse 23.27% bonus & 4:1  right shares

Purnima Bikas Bank is going to conduct its 8th AGM on Poush 29, 2072. The AGM will be held at Royal Limbu Cottage and Family Restruant, Rupandehi at 9:30 am. The main agendas of the meeting are:

• To endorse 23.275% bonus shares from the net profit earned in the last fiscal year.
• To amend the article of the association and memorandum of the association to increase the authorized capital, issued capital and paid up capital.
• To maintain the Promoter and ordinary shareholders’ share structure to 51:49
• To issue right shares in the ratio 4:1, after issuance of bonus share
• Authorize BOD to initiate merger or acquisition process with other banks and financial institutions.

  Other agendas of the meeting are are financial highlights of 2070/71, appointment of the auditor, endorse 1.25% cash dividend for the tax purpose and to elect 2 BoD members from ordinary shareholders group. Only those shareholders owning shares till Poush 13 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 14 for the purpose of its upcoming (AGM).