Standard Chartered Bank 30th AGM endorsing 33.33% bonus share; to collect Rs 330 crore from FPO & its premium; AGM on Mangsir 30

Standard Chartered Bank Limited (SCB) will be holding its 30^th Annual General Meeting (AGM) on Mangsir 30, 2073. The meeting will be held at the Army Officers Club, Bhadrakali, Kathmandu at 1:30 PM. The main agendas of the meeting are:

• To endorse 33.33 percent bonus share and 1.75 cash dividend for tax purpose from the net profit it earned from the fiscal year 2072/73.
• In order to meet NRB paid up capital requirement of Rs 8 arba by the end of this fiscal year, the company will collect Rs 3.30 arba from FPO and its premium after 33 percent bonus share is issued.
• To increase its authorized capital up to Rs 8 arba.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other agendas of the AGM include financial highlights of the FY 2072/73 and appointment of auditor. As per an official of the bank, ‘A separate notice will be published for the book closure date for the AGM .’ SCB had earned net profit of Rs 34.94 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Click Here to Read; Interpretation on Standard Chartered Capital plan upon 70:30 promoter public shareholding structure