The AGM approved the proposal of distribution of 10 per cent bonus shares and five per cent cash dividend on the current paid-up capital of the bank. With this, the paid-up capital of the bank will grow to Rs 9.81 billion after distribution of the bonus shares approved by the AGM.
The AGM discussed and approved the directors’ report and the financial statements for the financial year 2018-019. The AGM also ratified the appointment of directors representing promoter shareholders in the board of directors of the bank.
Read the full news article on The Himalayan Times.