Kumari Bank Limited has scheduled its 16th Annual General Meeting (AGM) for the 16th of Kartik, 2078. The meeting will take place at the company’s central office in Naxal, Kathmandu, and will begin at 11:30 a.m. on the scheduled date.
The AGM will also approve the dividend for the fiscal year 2077/78, among other items on the agenda.
It has been proposed to issue 78.6 percent bonus shares and pay a 2.67 percent cash dividend. The board of directors, at its meeting on Ashwin 11, decided to distribute the dividend from the company’s paid-up capital of Rs. 13,87,84,74,836 to its shareholders.
The book will be closed on the 8th of Kartik. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are welcome to attend the AGM.