Sewa Bikas Bank SGM today; to endorse 1:1.2 right shares

Sewa Bikas Bank Limited (SEWA) is convening its Special General Meeting (SGM) today (Jestha 18, 2073). The AGM is going to be held at Dreamland Gold Resort, Moneygran, Rupandehi at 11:00 AM. Main agendas of the SGM are:

• To endorse 1:1.2 (120%) right share to its existing shareholders.
• To increase authorized capital up to Rs 2.50 arba and also to increase issued and paid up capital up to Rs 93.62 crore.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Sewa Bikas Bank has earned a net profit of Rs 7.31 crore in the third quarter of the current fiscal year. It’s paid up capital remains at Rs. 42.55 crore. After distribution of 1:1.2 right shares it’s paid up capital will reach Rs  93.62 crore.