Triveni Bikas Bank 13th AGM today; to endorse 19% stock dividend

Triveni Bikas Bank Limited (TBBL) is convening its 13^th Annual General Meeting (AGM) today (Mangsir 24, 2073). The meeting is being held at Hotel Royal Century, Bharatpur, Chitwan at 11:00 AM. The main agendas of the AGM are:

• To endorse 19 percent bonus share from the net profit it earned from the fiscal year 2072/73.
• To increase issued and paid up capital and amend article of association accordingly.
• To authorize BOD to endorse memorandum of understanding (MOU) for the merger/acquisition process and appoint auditor for Due Diligence Audit (DDA).
• To change the shareholders structure to 51:49 and elect 4 members from promoter shareholders group, 4 from public shareholders group and 1 as expert BOD member.
• To amend article of association and memorandum of association as per approved by the development bank’s 13^th
• To endorse expense of Rs 5 lakh provided to Central Deaf Campus, Naxal.

Other agendas of the AGM include financial highlights of the FY 2072/73 and appointment of auditor. Janata Bank and Triveni Bikas Bank Limited had signed an agreement for the merger process. Trading of Triveni Bikas Bank was halted since Kartik 18, 2073. Only the shareholders owning shares one day ahead i.e. Kartik 17, 2073 were eligible for the dividend of the company. The register of the shareholders was closed from Mangsir 9, 2073 for the purpose of its AGM.