Mahalaxmi Bikas Bank Calls 24th AGM for Poush 21

Mahalaxmi Bikas Bank has announced that its 24th Annual General Meeting (AGM) will be held on Poush 21. According to the decision of the bank’s Board of Directors, the meeting will take place at the Tribhuvan Army Officers Club in Bhadrakali, Kathmandu. Several key agendas related to the ongoing fiscal year will be presented at the assembly.

The AGM will endorse the previously approved 10.37 percent dividend, which includes 5 percent bonus shares and 5.37 percent cash dividend (including tax). The dividend proposal had been passed earlier by the board.

Since the issuance of bonus shares will increase the bank’s paid-up capital, the meeting will also consider a special resolution to amend the Memorandum and Articles of Association accordingly. Another special proposal will authorize the Board of Directors to make necessary revisions if any suggestions or directives are issued by regulatory bodies during the amendment process.