Sahayogi Vikas Bank to convene 15th AGM on 25th Falgun; development bank to endorse 17% cash dividend for the shareholders

The 272nd BOD meeting of Sahayogi Vikas Bank (SBBLJ) held on 28th Mangsir 2075 has decided that the 15th AGM of the development bank will be held on 25th Falgun, 2075 (09th March, 2019), Saturday at Hotel Manki International Limited, Janakpur.

The main agendas of the AGM include proposing distribution of 17% cash dividend worth Rs.8.66 Crore (including tax) for the shareholders from the profits of FY 74/75, to endorse the audited financial highlights of FY 74/75 and to appoint statutory auditor for FY 75/76. Other agendas include fulfilling the formalities and regulations related with the procedure of merger and acquisition.

For the purpose of AGM, the books of the bank will remain closed from 13th Falgun to 25th Falgun, 2075. Investors holding shares of SBBLJ till 12th Falgun will be eligible to attend the AGM.