Sanima Bank’s 13th AGM on Ashwin 29; to endorse 16% bonus shares

Sanima Bank Limited (SANIMA) will be conducting its 13^th Annual General Meeting (AGM) on Ashwin 29, 2074. The AGM is going to be held at Naxal Banquet, Naxal, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 16% bonus shares.
• To increase issued and paid up capital.
• To endorse decision for the post of Board of Directors (BOD) and Chairman.
• To conduct election for 3 BOD.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM include major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set on Ashwin 6, 2074. Only those shareholders that have shares traded ahead of the book closure date, i.e. till Ashwin 4, 2074 are eligible to participate in AGM and proposed dividend. It has announced 16% bonus shares to its shareholders from the net profit of FY 2073/74. Its current paid up capital stand at Rs 6.89 arba. After distribution of 16% bonus shares, it will reach Rs 8.00 arba. It has earned Rs 1.30 arba in the fourth quarter of the fiscal year 2073/74.