Sahara & Professional Diyalo Bikas Bank AGM today; to endorse 35% & 9.25% stock dividend respectively

Sahara Bikas Bank Limited (SHBL) is convening its 5^th Annual General Meeting (AGM) today (Jestha 22, 2073).  The AGM is going to be held at the Janaki Family Hotel and Lodge, Malangwa 10, Sarlahi at 11:00 am. Main agendas of the AGM are:

• To endorse 35 percent bonus share 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) 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 is entitled to the dividend of the company. The register of their shareholders has been closed from Jestha 7, 2073 till today (Jestha 22, 2073) for the purpose of its upcoming AGM. Likewise, Professional Diyalo Bikas Bank Limited (PRDBL) is convening its 9^th Annual General Meeting (AGM) today.  The AGM is being held at the Araniko Party Palace, Banepa, Kavre at 11 AM. Main agendas of the AGM are:

• To endorse 9.25 percent bonus share from the net profit it earned from the fiscal year 2071/72
• Authorized BOD to initiate merger/acquisition process with other BFI by endorsing Due Diligence Audit (DDA)
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
• To endorse help provided to earthquake victim.

Other main agendas of the AGM include financial highlights of 2071/72, appointment of auditor, to increase allowance of BOD member, to elect 2 BOD members from public shareholders group. Only those shareholders owning shares till Jestha 2 are entitled to the bonus share of the company. The register of their shareholders has been closed from Jestha 3, 2073 till today (Jestha 22, 2073) for the purpose of its upcoming AGM.