Investors must purchase shares of NIFRA, Nabil Bank, and Garima Bikas Bank by Ashoj 13 to be eligible for the upcoming dividend distributions and to attend their respective annual general meetings.
The three mentioned banks are closing their share registration books on Ashoj 14 for the purpose of dividend distribution and annual general meetings. This means that shareholders who hold shares until the end of trading on Ashoj 13 will get the proposed dividends and can take part in the upcoming meetings.
NIFRA: 5.2632 Percent Cash Dividend
Nepal Infrastructure Bank (NIFRA) has announced to distributing a 5.2632 percent cash dividend for the fiscal year 2082/83. Based on the paid-up capital of 21 arba 60 crore rupees, the bank proposed to give 1 arba 13 crore 68 lakh 51 thousand 200 rupees as cash dividend. This amount includes the dividend tax. The bank’s eighth annual general meeting will be held on Ashoj 23, Friday at 9 AM at Anupam Foodland and Banquet in Battisputali, Kathmandu. The dividend will be provided after getting approval from Nepal Rastra Bank and the annual meeting, followed by clearance from the Ministry of Finance.
Nabil Bank: 5 Percent Bonus and 10.80 Percent Cash
Nabil Bank has proposed a 5 percent bonus share and 10.80 percent cash dividend for the fiscal year 2082/83. For the 5 percent bonus shares, the bank allocated 1 arba 35 crore 28 lakh 49 thousand 836 rupees and 46 paisa, while 2 arba 92 crore 21 lakh 55 thousand 646 rupees and 76 paisa is set for the cash dividend. These figures include the tax. The 42nd annual general meeting is scheduled for Ashoj 22, Thursday at 9:30 AM at the Tribhuvan Army Officers Club in Bhadrakali, Kathmandu. The meeting will discuss increasing authorized capital to 34 arba rupees, electing three directors from the promoter group, and giving authority to the board to handle mergers or foreign strategic partnerships.
Garima Bikas Bank: 10 Percent Bonus and 10 Percent Cash
Garima Bikas Bank proposed a 10 percent bonus share and 10 percent cash dividend for the fiscal year 2082/83. The bank currently has a paid-up capital of 6 arba 2 crore 13 lakh 48 thousand 267 rupees and 22 paisa. The 20th annual general meeting will take place on Ashoj 26, Monday at 10:30 AM at Hotel Pokhara Grand in Biraauta, Pokhara. The agenda includes approving annual reports, appointing auditors, raising the authorized capital to 6 arba 65 crore rupees, and giving authority to the board for potential merger or acquisition processes.
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.
