Today is the final day for investors to secure proposed dividends of Sanima Bank and Everest Bank before their book closure.
Today, Bhadra 31, is the last day to secure dividends of Sanima Bank and Everest Bank. Both of these commercial banks are going to close their books tomorrow on Ashwin 1 for their upcoming Annual General Meetings and dividend distribution. Therefore, only the shareholders who hold shares of these banks until today will be eligible to receive proposed dividend.
Sanima Bank AGM and Dividend Details
Sanima Bank is hosting its 22nd Annual General Meeting on Ashwin 12. The meeting is scheduled to start at 11 AM at Amrapali Banquet located in Bhatbhateni, Kathmandu. The bank has proposed to distributing a 10 percent cash dividend, which includes tax, on its current paid-up capital for the fiscal year 2082/83. It will also approve an 8.25 percent cash dividend for its preference shareholders.
In addition, the AGM will elect two directors from the public shareholder group. Other agendas of the meeting include approving the annual and auditor reports of the previous fiscal year, as well as appointing an auditor and fixing their salary for current fiscal year 2083/84.
Everest Bank AGM and Dividend Details
Similarly, Everest Bank is planning to hold its 32nd Annual General Meeting on Ashwin 14. This meeting will start at 10 AM at Amrapali Banquet, Bhatbhateni, Kathmandu. The AGM will approve a total 15 percent dividend for the fiscal year 2082/83. This includes 5 percent bonus shares and 10 percent cash dividend including tax.
Because bank’s paid-up capital will increase after the bonus shares are distributed, the AGM will discuss a proposal to amend its Memorandum and Articles of Association. The meeting will also approve the financial reports of the last year, appoint auditor, and determine their salary for the current fiscal year 2083/84.
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.
