Shine Resunga to convene AGM with 17.70% bonus shares on Ashoj 28; Book closure from Ashoj 16

Shine Resunga Development Bank Limited (SHINE) will be convening its 10^th AGM on Ashoj 28, 2075. The meeting will be convened in Amrapali Cottage and Restaurant, Butwal at 10:30 AM.

The main agendas of the meeting include:

1. Amendment of MoA for the increment of issued capital and paid-up capital.
2. To distribute 17.70% bonus shares worth Rs 24.40 crore.
3. To provide authority to the BOD to take any decisions regarding the merger and acquisition of the company and to make any amendments in the MoA and regulations.

Other agendas of the meeting include endorsement of financial report for the FY 2074/75, appointment of statutory auditor for the fiscal year 2075/76 and to provide 0.93% cash dividend worth Rs 1.28 crore for tax purpose.

For the purpose of the AGM, the development bank has announced its shareholders register book to remain closed from Ashoj 16 till Ashoj 28, 2075 i.e. the shareholders holding the shares of the company till Ashoj 15 will be eligible to participate in the AGM.