Shine Resunga Development Bank 9th AGM on Poush 22,  to endorse 25% bonus shares

Shine Resunga Development Bank Limited (SHINE) will be convening its 9^th Annual General Meeting (AGM) on Poush 22, 2074. The AGM is going to be held at Amrapali Cottage & Restaurant, Butwal, Rupandehi at 11:30 AM. The main agendas of the AGM are:

• To endorse 25% bonus shares from the net profit of FY 2073/74.
• To increase issued and paid up capital.
• To endorse decision for the merger or acquisition with other Bank and Financial Institution (BFIs).
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for FY 2074/75. The register of its shareholders will remain close from Poush 10 till Poush 22, 2074 for the purpose its AGM. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Poush 9, 2074 are eligible for the dividend and participation in the AGM. Its paid up capital stands at Rs 1.10 arba. After distribution of bonus shares, it will reach to Rs 1.37 arba. It had earned Rs 6.51 crore in the first quarter in the FY 2074/75. Announcement: