Mission Development Bank 8th, Arun Finance 21st, Naya Nepal Laghubitta 5th, Deprosc Laghubitta 16th & CDS & Clearing 7th AGM today

Mission Development Bank Limited (MIDBL) is convening 8^th Annual General Meeting (AGM) today (Poush 27, 2074). The AGM is being held at Siddhartha Cottage Restaurant Meeting Hall, Butwal, Rupandehi at 11:00 AM. The main agendas of the AGM are:

• To endorse 22% bonus shares and 1.06% cash dividend from the net profit of FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To merge or acquire with other Bank and Financial Institutions.
• To give authority to the BOD for the decision passed by the AGM while submitting documents for the approval from CRO, Nepal Rastra Bank and other authority.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Poush 16 to Poush 27, 2074. Only shareholders owning their shares till Poush 15, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. Its current paid up capital stands at Rs 43.27. After distribution of 20% bonus shares, it will reach to Rs 51.92 crore. It had earned Rs 1.41 crore in the first quarter of the FY 2074/75. Arun Finance Limited (ARUN) is also convening 21^st Annual General Meeting (AGM) today (Poush 27, 2074). The AGM is being held at Hotel The Ratna Inn, Dharan, Sunsari at 11:00 AM. The main agendas of the AGM are:

• To conduct election of Board of Directors (BOD).
• To issue 180% right shares and increase the issued and paid up capital.
• To change the promoter public ration to 51:49.
• To change the name and logo of the company.
• To merge or acquire with other Bank and Financial Institutions.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Poush 11 to Poush 27, 2074. Thus only those shareholders holding their shares till Poush 10, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. Arun Finance’s current paid up capital remains at Rs 30 crore. After adjustment 180% right share, its paid up capital will reach Rs 84 crore from existing Rs 30 crore. It has authorized capital of Rs 1 arba. It had posted net profit of Rs 50.91 lakh in the first quarter of the FY 2074/75. Announcement of ARUN: Likewise, Naya Nepal Laghubitta Bikas Bank Limited (NNLB) is convening 5^th Annual General Meeting (AGM) today (Poush 27, 2074). The AGM is being held at Hotel Jugal, Dhulikhel, Kavre at 11:00 AM. The main agendas of the AGM are:

• To endorse 20% bonus shares and 1.08% cash dividend from the net profit of FY 2073/74.
• To endorse 250% right shares
• To increase authorized capital, issued capital and paid up capital.
• To change the name and address of the company.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The microfinance company had set the book closure date from Poush 12 to Poush 27, 2074. Thus only those shareholders holding shares till Poush 11, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend. Separate book closure date will be announced for right shares. The 221^st board meeting of the microfinance company held on Mangsir 8, 2074 had announced 20% stock and 1.05% cash dividend for tax purpose to its shareholders from the net profit of FY 2073/74. The same meeting has also proposed right share in the ratio 1:2.5 (250%) after issuance of bonus share to its shareholders. NNLB had earned Rs 2.69 lakh in the first quarter of the current fiscal year 2074/75. After the issuance of this bonus and right shares, its paid up capital will reach Rs 8.4 crore from existing Rs 2 crore. Similarly, Deprosc Laghubitta Bikas Bank Limited (DDBL) is convening 16^th Annual General Meeting (AGM) today (Poush 27, 2074). The AGM is being held at Bharatpur Garden Resort, Chitwan at 11:00 AM. The main agendas of the AGM are:

• To endorse 16% bonus shares and 15% cash dividend from the net profit of FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To amend the name of the company.
• To amend the meeting and travelling allowance of BOD.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Poush 14 to Poush 27, 2074. Thus only those shareholders holding their shares till Poush 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. DDBL has earned net profit of 5.41 crore in the first quarter of fiscal year 2074/75. Its paid up capital stands at Rs 60.61 crore. After issuance of 16% bonus share, the paid up capital will reach Rs 70.31 crore. Announcement: Also, CDS and Clearing Limited is convening 7^th Annual General Meeting (AGM) today (Poush 27, 2074). The AGM is being held at Share Market Commercial Complex, Putalisadak, Kathmandu at 9:00 AM. The main agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. Announcement: