Siddhartha Bank Limited (SBL) is holding its 16th Annual General Meeting (AGM) today (Chaitra 4, 2074). The AGM is being held at Rastriya Sabhagriha, Pradanshan Marg, Kathmandu at 11:00 AM.
The main agendas of the AGM are:
- To endorse 14% bonus shares from the net profit of Rs 1.52 arba that the bank had earned in the FY 2073/74.
- To amend capital accordingly with the issued bonus shares.
- To amend the Memorandum of Association (MOA) and Article of Association (AOA).
Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75.
The book closure date was set on Falgun 20, 2074. Thus, only those shareholders owning shares till Falgun 16, 2074 i.e. days ahead of the book closure date are eligible for proposed dividend and to participate in the AGM.
SBL has been issuing 10% right shares to its shareholder from Falgun 2, 2074 which will ends on Chaitra 6, 2074.
Its paid up capital will surge to Rs 8.47 arba after adjustment of 10% right & 14% bonus shares from existing Rs 6.82 arba.
AGM notice:
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) is also convening its 5th Annual General Meeting (AGM) today (Chaitra 4, 2074). The AGM is being held at FOWAD head office, Duhabi, Sunsari at 11:00 AM.
The main agendas of the AGM are:
- To endorse 50% bonus shares and 15% cash dividend from the net profit of Rs 25.06 crore it had earned in the FY 2073/74.
- To conduct election of Board of Directors (BOD).
- To increase authorized, issued and paid up capital of the company.
- 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 the FY 2074/75.
The book closure date for the AGM was set on Falgun 17 to Chaitra 4, 2074. Thus, only those shareholders holding shares till Falgun 16, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend.
Its paid up capital will reach to Rs 30 crore from existing Rs 20 crore after distribution of 50% bonus shares.
It had posted net profit of Rs 14.54 crore in the second quarter of the FY 2074/75.
See the AGM Notice here
Similarly, Nyadi Hydropower Limited (NYADI) is convening its 10thAnnual General Meeting (AGM) today (Chaitra 4, 2074). The AGM is being held at Company registered office located at Buddhanagar, Baneshwor, Kathmandu at 4:00 PM.
The main agendas of the AGM are to increase the paid up capital of the company, amend Memorandum of Association (MOA) and Articles of Association (AOA) accordingly.
Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of the auditor for the FY 2074/75.
