Sanima Bank Limited has called its 22nd Annual General Meeting to approve the proposed 10 percent cash dividend for its shareholders.
Sanima Bank Limited is going to hold its 22nd Annual General Meeting (AGM) to approve 10 percent cash dividend. The bank proposed this dividend from the profit of last fiscal year 2082/83 for all of its shareholders.
Date and Venue of the AGM
The bank announced to distributing this dividend after the approval from the general meeting which is scheduled on Ashwin 12, Monday. The meeting will start at 11:00 AM in the morning at Amrapali Banquet, Bhatbhateni in Kathmandu.
Key Proposals of the Meeting
The main agenda of the AGM is to pass the proposal of distributing 10 percent cash dividend, which includes tax purposes as well, on the current paid-up capital of the bank. Along with this, there is also a proposal to distribute 8.25 percent cash dividend including tax to preference shareholders. This dividend will be given on a proportional basis from date of share allotment to the end of fiscal year.
Furthermore, the AGM will discuss on giving authority to the Board of Directors to make amendments in bank’s memorandum and articles of association. There is also an agenda to elect 2 directors who will represent the public shareholder group.
Book Closure Details
For the purpose of AGM and dividend distribution, Sanima Bank has decided to close its book for one day on Ashwin 1. Because of this, only those shareholders who are traded in Nepal Stock Exchange (NEPSE) till Bhadra 31 will be eligible to attend the meeting and get proposed dividend.
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.
