Muktinath Bikas Bank to convene 13th AGM on Mangsir 30, 2076; 17.60% bonus shares to be endorsed

The 218^th BOD meeting of Muktinath Bikas Bank Limited (MNBBL) has decided that the 13^th AGM of the bank will be held on Mangsir 30, 2076 at Hotel Pokhara Grande, Pokhara from 11 AM onwards.

The agenda of the AGM is to endorse audited financial highlights of FY 75/76 and appoint statutory auditor for FY 76/77. The AGM will also endorse 17.60% bonus shares worth Rs.64.72 Crore and 0.93% cash dividend (for tax purpose) worth Rs.3.40 Crore. The AGM will also elect 3 promoter shareholders and 2 ordinary shareholders as directors.

After the adjustment of 20% right shares approved by the 12^th AGM and bonus shares of the current year, the paid up capital of the bank will increase to Rs.4.32 Arba. Necessary changes will be made in the books of the bank. Also, the BOD will be authorized to take decisions regarding merger and acquisitions.

For this purpose, the books of the bank will remain closed from Mangsir 23, 2076 till the date of the AGM. Investors holding shares of MNBBL till Mangsir 22, 2076 will be eligible to participate in the AGM and claim the dividend.