Muktinath Bikas Bank Limited (MNBBL) has announced its 17th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080, to be held at City Square in New Road, Pokhara, starting at 10 AM.
Among various agenda items, the AGM is set to approve a 10.2632% dividend for the fiscal year 2079/80. This decision was made during the 311th board meeting, with the dividend to be distributed on the paid-up capital of Rs. 6.42 Arba. The proposed distribution includes 9.75% bonus shares amounting to Rs 62.60 Crores and 0.5132% cash dividend (inclusive of bonus shares for tax purposes) totaling Rs 3.29 Crores.
Additionally, the AGM will address the endorsement of the auditor’s report, covering profit and loss statements, financial reports, and cash flow reports. An auditor for the fiscal year 2080/81 will also be appointed. Furthermore, there are agendas related to the election of directors from both the public shareholding group and the promoter shareholding group. An agenda of note involves identifying a suitable development bank for potential merger and acquisition with Muktinath Bikas Bank Limited.
However, it’s worth mentioning that the trading of Muktinath Bikas Bank Limited (MNBBL) was suspended by NEPSE on December 22 due to a violation of NEPSE regulations. The company is required to provide an explanation to NEPSE within 3 working days regarding the breach, as it had convened a board meeting on Poush 5 during trading hours for dividend declaration.
The book closure date is set for Poush 19, allowing shareholders holding shares before this date to be eligible for the dividend payout and to attend the AGM.
Disclaimer
The information provided in this article is for general informational and educational purposes only. It should not be interpreted as financial, investment, trading, or professional advice. Market data, company announcements, ratings, and analysis may contain errors, may change without notice, and should always be verified directly from official filings, regulatory disclosures, and company press releases.
Investing in the share market, IPOs, FPOs, mutual funds, insurance products, or any financial instruments carries inherent risks. Past performance does not guarantee future results. Readers are strongly encouraged to consult a licensed financial advisor, investment professional, or legal expert before making any investment decisions. This website and its authors are not responsible for any financial losses, decisions, or actions taken based on the information provided.
