Sana Kisan & Swabalamban Laghubitta 14th AGM today; To endorse 25% & 42 % stock dividend respectively

Sana Kisan Bikas Bank Ltd. (SKBBL) is convening its 14^th Annual General Meeting today. The AGM is being held at Admistrative Training Academy, Jawalakhel, Lalitpur at 11:00 AM. Main agendas of the AGM are:

• To approve 25 percent bonus share and 1.31 percent cash dividend from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share to increase paid up and issued capital to Rs 64 crore.
• To amend article of association and memorandum of association as per directed by Office of Company Registrar or Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor. Only those shareholders owning shares till Poush 12 will be entitled to the bonus share of the company. The register of their shareholders has been closed from Poush 13, 2072 till Poush 24, 2072 for the purpose of its upcoming (AGM). Similarly, Swabalamban Laghubitta Bikas Bank Limitied (SWBBL) is convening its 14th Annual General Meeting (AGM) today. The AGM is being held at Lainchaur Banquet, Lainchaur, Kathmandu at 11 AM. The main agenda of the AGM are:

• To endorse 42 percent bonus share and 10.63 percent cash dividend  (for tax purpose)from the net profit it earned from the fiscal year 2071/72
• To increase issued and paid up capital.
• To amend the article of association and Authorize BOD to initiate merger or acquisition process with other financial institutions.

  The other agendas of the AGM include financial highlights and appointment of the auditor.   Only those shareholders owning shares till Poush 4 will be entitled to the dividend of the company. The register of their shareholders has remained close from Poush 5, 2072 till Poush 23, 2072 for the purpose of its upcoming (AGM). SWBBL had earned net profit of Rs 23.82 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 21.98 crore. After distributing 42 percent bonus share it’s paid up capital will rise to Rs 31.21 crore.