Kamana Sewa Bikas Bank has announced the date for its 20th Annual General Meeting and the book closure date to determine dividend eligibility.
Kamana Sewa Bikas Bank is going to hold its 20th Annual General Meeting (AGM) on Bhadra 31. According to the bank’s board decision, the meeting will take place at Amrapali Banquet in Baluwatar, Kathmandu.
For the purpose of the AGM and dividend distribution, the bank has set Bhadra 18 as the book closure date. This means that shareholders who are registered by Bhadra 17 will be able to receive the proposed dividend and participate in the AGM.
The AGM is set to pass a proposal to distribute a 9% cash dividend proportionally for preference shareholders. This dividend is from the accumulated profit of the fiscal year 2082/83 and covers the period from the date of preference share allocation until the end of Ashar 2083 B.S.
Similarly, the meeting also set to approve a 15% cash dividend (including tax) for ordinary shareholders, based on their paid-up capital. Nepal Rastra Bank already approved this dividend.
The AGM is going to approve the annual financial statements for the fiscal year 2082/83. This includes the balance sheet, profit-loss account, cash flow statement, profit-loss appropriation account, and all related schedules.
Furthermore, the agenda for the meeting include approving other proposals, such as appointing an external auditor.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
