Raptibheri Bikas Bank to approve 15% stock dividend; 6th AGM on Chaitra 30

Raptibheri Bikas Bank Limited (RBBBL) will be convening its 6^th Annual General Meeting (AGM) on Chaitra 30, 2072. The AGM will be held at Nepalgunj, at 11: 00 AM. . Main agendas of the AGM are:

• To endorse 15 percent bonus shares and 0.5 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share its paid up and issued capital will increase and to amend the article of association accordingly.
• Authorized BOD to change it promoter-public share structure to 51:49 from existing share structure.
• Authorized BOD to initiate merger/acquisition process with other BFI.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect BOD member from public shareholders group. Only those shareholders owning shares till Chaitra 14 will be entitled to the dividend of the company. The register of their shareholders will remain close from Chaitra 15, 2072 till Chaitra 30, 2072 for the purpose of its upcoming AGM. Raptibheri Bikas Bank had earned net profit of Rs. 65.39 lakh  in second quarter of the fiscal year 2072/73.