Book Closure Date Declared for 7% Dividend of Mahalaxmi Bikas Bank; AGM On Poush 29

Mahalaxmi Bikas Bank Limited (MLBL) has called its 23rd AGM on 29th Poush, 2081. The meeting will be held in Alice Receptions, Gairidhara, Kathmandu, starting at 10 am that day.

Among other agendas, the AGM will endorse a 7% dividend for the fiscal year 2080/81. The 610th meeting of the board of directors held on Poush 01 has proposed a 7% dividend for the fiscal year 2080/81. 3% bonus shares worth Rs. 12.51 Crores and 4% cash dividends (for tax purposes) worth Rs. 16.68 Crores have been proposed. The company's existing paid-up capital is Rs. 4.17 Arba.

Furthermore, an agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2081/82. There's also an agenda to increase the meeting allowances and other facilities of the board of directors.

Poush 16 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can attend this AGM.