Tinau Dev Bank closing book from Kartik 14; shareholders ownership ratio likely to change

ShareSansar, October 26:

Tinau Development Bank Ltd has announced its annual general meeting and book closure dates.

Publishing a notice, the Butwal-based development bank said that the book closure will begin from Kartik 14 for the purpose of its 8th AGM.

It means investors buying shares till Kartik 13 will only be allowed to attend the AGM and entitled for the dividend of the bank that it has announced.

The bank has already proposed 15 percent bonus shares to its shareholders and 0.79 percent cash dividend for the tax purpose for its shareholders. The bank, in its notice, said that it is organizing its 8th AGM at Butwal Chamber of Commerce and Industry in Butwal on Kartik 29.

The agenda list of the bank features the change in its promoter-general share holders’ share ownership structure. The bank plans to make the promoter-general shareholders ownership structure 51:49 ratio.


Propelled by core business, Tinau’s profit had increased by impressive 96 percent in the last fiscal year 2070/71 as it had posted a net profit of Rs 2.87 crore, up from Rs 1.47 crore of the previous fiscal year.