The 325th BOD meeting of Siddhartha bank limited (SBL) has decided that the 18th AGM of the bank will be held on Kartik 7, 2076 (October 24, 2019) at Army Officers’ Club, Bhadrakali from 11 AM onwards.
The agenda of the meeting is to endorse the audited financial highlights of FY 75/76 and appoint statutory auditor for FY 76/77. The AGM will also endorse the banks decision to distribute 10% bonus shares worth Rs.88.87 Crore and 15.26% cash dividend worth Rs.1.35 Arba (including tax) out of the profits of FY 75/76 for the shareholders.
Other agendas include adjustment of paid up capital in the books of the company and authorize the board to make decisions regarding merger and acquisitions.
For this purpose, the book closure of the bank is on Ashwin 29, 2076. Investors holding shares of the bank till Ashwin 28, 2076 will be eligible to participate in the AGM of the company.