Triveni Bikas Bank to conduct its 12th AGM on Poush 27; to endorse 10.80% bonus share and 50% right shares

Triveni Bikas Bank Limited will be conducting its 12th AGM on Poush 27, 2072. The AGM will be held at Hotel Global, Bharatpur, Chitwan.

The main agendas of the meeting are:

To endorse 10.80 % bonus share from the net profit earned in the last fiscal year.

• To increase the authorized capital to Rs 2.50 arba.
• To issue 50% right share after bonus share is issued.
• To amend the article of the association to increase the issued capital and paid up capital.
• Authorize BOD to initiate merger or acquisition process with other banks and financial institutions.
• To change the Promoter and ordinary shareholders’ share structure to 51:49 from the present 67.75:32.25

Other agendas of the meeting are are financial highlights of 2070/71, appointment of the auditor, endorse the help provided to earthquake victims and to elect 8 BoD members (5 members representing promoter shareholders group and 3 members representing the public shareholders group.)

Only those shareholders owning shares till Poush 12 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 13 till Poush 27, 2072 for the purpose of its upcoming (AGM).