Corporate Development Bank Calls AGM on Falgun 22; Company to Endorse 5.26% Dividend for FY 2078/79

Corporate Development Bank Limited (CORBL) has called its 15th AGM on Falgun 22, 2079. The meeting will be held in the company's head office located at Adarshanagar, Birgunj, Parsa, starting from 7:15 AM that day.

Among the other agendas, the AGM will endorse a 5.26% dividend worth Rs. 2.63 crores for the fiscal year 2078/79. The board of directors meeting held on Poush 26 decided to distribute the dividend on the paid-up capital of Rs. 50 Crores. 5% bonus shares worth Rs 2.5 crores and a 0.26% cash dividend (for tax purposes) worth Rs 13.15 lakhs have been proposed. The meeting will also elect directors from promoter and public shareholders

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2078/79 and appoint an auditor for the fiscal year 2079/80. The proposal to provide the BoDs authority to oversee any company-related merger or acquisition procedures will be approved during the meeting.

The book closure date is on Falgun 10. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM.