Tinau Development Bank 9th AGM today; to approve 18% bouns share and 4:1 right shares

Butwal-based Tinau Development Bank Limited (TNBL) is holding its 9th AGM (Annual General Meeting) today ( Ashwin 18, 2072). AGM held at Butuwal Udhyog Banijya Sangh at 9 AM. The main agendas of the AGM are:

• The AGM is expected to endorse 18 % bonus share and 0.9473 % cash dividend for tax purpose as proposed by the BoD of the bank.
• To increase authorized capital, issued capital and paid of capital.
• To approve right shares in the ratio 4:1
• To endorse the decision made by 6^TH AGM regarding merger

Other agendas of the AGM are the financial highlights of 2071/72, appointment of auditors, to elect 4 BOD members from promoter shareholders and to endorse ditector,from public shareholder, appointed by BOD. Tinau Development Bank had earned net profit of Rs.4.04 crore in its fourth quarter of the last fiscal year 2071/72.