When is the Book Closure for 1:1 Right Shares issue of Narayani Development Bank (NABBC)?

Narayani Development Bank (NABBC) is issuing the right shares in the ratio 1:1.

The company had applied in SEBON to issue the right shares totaling 6,56,169 units. SEBON has now approved the issue on Poush 20.

The book closure for the issue of the right shares is announced on Poush 29. Thus, investors maintained before that day are entitled to claim the right shares.

Poush 29 is also the book closure date for the company's upcoming 19th AGM. Narayani Development Bank has called its 19th AGM on Magh 16. The meeting will be held in Star Banquet, Ratnanagar, Chitwan, starting at 1 pm that day.

Among other agendas, there is an agenda on the issuance of right shares in the ratio 1:2. Note that the 18th AGM of the company had already endorsed the issue of right shares in the ratio 1:1. This issue of right shares in the ratio 1:1 has been approved by SEBON on Poush 20 this year. Now, the paid-up capital of the company will increase to Rs. 13,12,33,800 from the previous Rs. 6,56,16,900.

The new 1:2 ratio right shares will then be issued on the newly formed paid-up capital of Rs. 13,12,33,800. This will then take the company's paid-up capital to Rs. 39,37,01,400.

P.S. The book closure date is for the earlier issue of right shares in the ratio 1:1. The right shares issue of the ratio 1:2 is yet to be endorsed by the AGM.

Notice