Standard Chartered Bank Announces AGM to Approve 19% Cash Dividend; Book Closure on Mangsir 16

Kathmandu — Standard Chartered Bank Nepal has announced its Annual General Meeting (AGM) to approve dividends for the fiscal year 2081/82. The board meeting held on Mangsir 4 decided to convene the AGM on Mangsir 29 at the Army Officers Club, Bhadrakali, starting at 10:00 AM.

The key agenda of the meeting is the approval of the 19% cash dividend (tax included) proposed for shareholders. The AGM will also discuss revising directors’ allowances and facilities, approving amendments to the bank’s regulations, and authorizing the board to make any changes as instructed by regulatory authorities.

Additionally, the meeting will deliberate on and approve the annual reports of fiscal year 2081/82, including the auditor’s report, balance sheet, profit and loss account, cash flow statement, changes in equity, and related schedules. Appointment of an auditor for fiscal year 2082/83 and determination of remuneration will also be presented.

For dividend distribution and AGM participation, the bank has declared book closure on Mangsir 16. Therefore, only shareholders whose names are recorded in NEPSE by Mangsir 15 will be eligible to attend the AGM and receive the proposed dividend.