Sindhu Bikas Bank Limited has postponed its 16th Annual General Meeting (AGM), originally scheduled for Falgun 15, 2082 B.S., due to a lack of quorum. The rescheduled AGM will be held on Falgun 29, 2082 B.S., at 10:00 AM at Araniko Party Palace, Banepa, Kavrepalanchok. The date, time, and venue had initially been fixed by the bank’s Board of Directors on Falgun 15.
The meeting will address the proposals previously set for approval. These include the election of three directors representing the public shareholders and granting full authority to the Board of Directors in the event of a merger or acquisition with other banks or financial institutions.
To participate in the AGM, the bank has declared one-day book closure on Magh 29, 2082 B.S. Shareholders registered on this date will be eligible to attend the meeting. The bank will not distribute any dividend this year, continuing a practice in place since the fiscal year 2075/76 B.S., when it last declared an 11.49% bonus share and a 0.60% cash dividend for tax purposes.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
