Mahalaxmi Bikas Bank announces 17th AGM with 15% dividend; AGM to be convened on Ashoj 26

Mahalaxmi Bikas Bank Limited (MLBL) will convening its 17^th AGM on Ashoj 26, 2075. The AGM will be convened in the All in One Banquet, MinBhawan, Kathmandu at 11:00 AM.

The main agendas of the meeting include:

1. To approve the distribution of 8% bonus shares for the FY 2074/75 worth Rs 21.07 crore
2. To make necessary amendments in the MoA and regulations to increase the paid-up capital of the development bank
3. To provide authority to the directors to make the decisions regarding merger or acquisition of the bank

Other agendas of the AGM include endorsement of audited financial statement for the FY 2074/75, Distribution of 7% cash dividend worth Rs 18.43 crore and appointment of statutory auditor for the FY 2075/76.

For the purpose of the upcoming AGM, the shareholders register book will remain closed from Ashoj 14 till Ashoj 26, 2075 i.e. the shareholders holding the shares of the company till Ashoj 13, 2075 will be eligible to participate in the upcoming AGM.