Everest Bank Limited has successfully finished its 32nd annual general meeting, where the bank passed the dividend for its shareholders along with other yearly reports.
Annual Meeting Highlights
Everest Bank held its 32nd annual meeting today. During this meeting, the bank reviewed and approved the annual report for the fiscal year 2082/83, which also included the auditor report.
The meeting was very productive as the shareholders approved the proposal to give 5 percent bonus shares and 10 percent cash dividend. This cash dividend includes the tax required for the bonus shares. Because the bank is issuing these bonus shares, the total paid-up capital of the bank will increase. To manage this change, a special proposal to update the company memorandum was also passed successfully.
Auditor Appointment
The bank also looked at the plans for the next year. Everyone agreed to appoint G.P. Rajbahak and Company as the auditor for the fiscal year 2083/84. The process was completed by the participants and the meeting concluded with all proposals passed by the attendees.
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.
