Two merging merchant banks to convene AGM on Falgun 11, 2076; agenda to endorse dividend and approve share swap ratio

Two mergin...

Two merchant banks have published notice regarding upcoming AGM, they are Prabhu Capital Limited and Samriddhi Capital Limited.

The 137th BOD meeting of Prabhu Capital Limited has decided that the 11th AGM of the merchant bank will be held on Falgun 11, 2076 (February 23, 2020) at the head office of the company in Kamladi from 3 PM onwards.

The agenda of the AGM is to endorse audited financial highlights for FY 75/76 and appoint statutory auditor for FY 76/77. The agenda includes endorsement of 2.183% bonus shares worth Rs.45.84 Lakhs and cash dividend worth Rs.2.41 Lakhs for tax purposes.

Similarly, 69th BOD meeting of Samriddhi Capital Limited has decided that the 6th AGM of the merchant bank will be held on Falgun 11, 2076 (February 23, 2020) at Hotel Radisson, Lazimpat from 11:30 AM onwards.

The agenda of the AGM is to endorse audited financial highlights for FY 75/76 and appoint statutory auditor for FY 76/77. The agenda includes endorsement of 6.50% bonus shares and 0.27% cash dividend for tax purposes.

Both the merchant banks will also approve the share swap ratio based on the due diligence audit for the purpose of merger with each other.