Laxmi Sunrise Bank to Hold 25th AGM on Poush 14; Announces 10% Bonus Shares

Laxmi Sunrise Bank has announced that its 25th Annual General Meeting (AGM) will be held on Poush 14. In a notice issued on Thursday, the bank informed that the AGM will take place at Agarwal Bhawan, Kamalpokhari, Kathmandu. The meeting will table regular agendas, including the approval of dividend for the current fiscal year.

The bank has proposed distributing 10 percent bonus shares based on its existing paid-up capital as a special agenda. The AGM will also discuss increasing the bank’s authorized, issued, and paid-up capital as required following the issuance of bonus shares.

Additionally, the bank stated that the AGM will approve the distribution of cash dividends solely for tax purposes to accompany the bonus share allocation.