Laxmi Sunrise Bank Convenes 23rd AGM; Manoj Kumar Bhattarai and Three Others Elected Directors

Mr. Manoj Kumar Bhattarai, along with three other distinguished individuals, has been elected as director of Laxmi Sunrise Bank (LSL). This announcement comes following the 23rd annual general meeting convened on Poush 26th, where Mr. Bhattarai assumed the directorial role, representing the founding shareholders of the bank. Boasting an impressive career spanning over three and a half decades in banking and insurance, Mr. Bhattarai has previously demonstrated successful leadership as the Chief Executive Officer of Nepal Life Insurance and Former Prime Life Insurance.

The general meeting also saw the election of Mr. Raman Nepal as the director, representing the founder shareholders, and the appointment of Ms. Swati Roongta and Mr. Dinesh Poudel as directors, representing the general shareholders. Subsequent to the meeting, Raman Nepal was further designated as the chairman of the company's board during the gathering of the newly elected board of directors on the same day.

The general meeting approved the report of the board of directors and the financial statement for the fiscal year 2079/80. Furthermore, a proposal to distribute a 7% bonus share and 0.37% cash dividend to the shareholders from the accumulated profits up to the financial year 2079/80 was passed during the meeting.