Sahara Bikas Bank to convene AGM on 22 Jestha; to endorse 35% bonus share

Sahara Bikas Bank Limited (SHBL) will be  convening its 5^th Annual General Meeting (AGM) on 22^nd Jestha.  The AGM will be held at the Janaki Family Hotel and Lodge, Malangwa 10, Sarlahi at 11 am. Main agendas of the AGM are:

• To endorse 35 percent bonus share and cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72
• To amend the article 6 (b) and (c) of association and increase the capital
• To amend article 6 (d) (e) (f) of the association and to convert the promoter: public shareholder ratio of 51:49 from existing 70:30.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and to elect  5 BoD members from promoter shareholders group. Only those shareholders owning shares till Jestha 6, 2073 will be  entitled to the dividend of the company. The register of their shareholders will remain closed from Jestha 7, 2073 till  Jestha 22 for the purpose of its upcoming AGM.