Toursim Development Bank 6thAGM on Poush 30; to approve 16 % bonus share

Tourism Development Bank Limited (TDBL) will be convening its 6th Annual General Meeting (AGM) on Poush 30. The AGM will be held atThapagaunBanquet,Thapagaun New Baneswor, Kathmandu at 11:00 AM. Main agendas of the AGM are:

• To approve 16 percent bonus share and 0.8421 percent cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares.
• Authorize BOD to initiate merger/acquisition process with other BFI.
• To amend article of association and memorandum of association as per directed by Office of Company registrar or Nepal Rastra Bank.
• To approve on the change of the central office location of the bank

Other Agendas of the AGM include financial highlights of 2071/72 and appointment of the auditor. As per unaudited report TDBL had earned net profit of Rs 41.28 lakh in the first quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 67.84 crore. After distributing 16 percent bonus share it’s paid up capital will rise to Rs 78.69 crore