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Mahalaxmi Bikas Bank Calls 22nd AGM: Proposes 6.40% Cash Dividend and Discusses Key Agendas

Mahalaxmi Bikas Bank Limited (MLBL) has scheduled its 22nd Annual General Meeting (AGM) for the 28th of Poush, 2080. The venue for the meeting is set at Lainchour Banquet in Lainchaur, Kathmandu, starting at 10 am.

One of the key agenda items for the AGM is the endorsement of a 6.40% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend on the paid-up capital of Rs. 4.17 Arba was made during the 579th meeting of the board of directors on Poush 3. The proposed 6.40% cash dividend, inclusive of tax, amounts to Rs 26.69 Crore.

Additionally, another agenda involves the approval of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also on the agenda. The meeting will also address the consideration of increasing the meeting allowances and other facilities for the board of directors.

The book closure date is set for Poush 19. Shareholders holding shares before this date will be eligible for the dividend payout and are invited to attend the AGM.



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