Machhapuchchhre Bank has scheduled its 27th AGM for Ashoj 10 to endorse an 8% dividend, including 4% bonus shares and 4% cash, along with other key proposals.
Machhapuchchhre Bank Limited has announced its 27th Annual General Meeting (AGM) to be held on Ashoj 10, 2082. The meeting will begin at 11:00 AM at Hotel Pokhara Grande, Pokhara, Kaski.
The AGM will consider a proposal to distribute an 8% dividend from the profit of the last fiscal year. The proposed distribution includes:
- 4% Bonus Shares
- 4% Cash Dividend (including tax on bonus shares)
The meeting agenda also includes:
- Issuance of perpetual preference shares worth Rs. 3 arba at a face value of Rs. 100 each with an 8.25% rate
- Authorization to the board of directors for amendment of the bank’s Articles and Memorandum of Association
- Approval of board appointments to vacant director positions
- Appointment of a new auditor
For the purpose of AGM participation and dividend distribution, the bank has set Bhadra 27, 2082 as the book closure date. Shareholders who remain listed in NEPSE by Bhadra 26, 2082 will be eligible to attend the AGM and receive the proposed dividend.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
