Miteri Development Bank Calls for Annual General Meeting, When is the Book Closure?

Fri, Dec 20, 2024 10:36 AM
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Kathmandu, 5 Poush. Miteri Development Bank Limited (MDB) has convened its 19th Annual General Meeting on Poush 27 at the Sunsari Chamber of Commerce, Dharan 1, Sunsari. The meeting will start at 11 AM, where the bank will propose to distribute 9.5079% bonus shares and a cash dividend of 0.5004% for tax purposes for the current fiscal year.

During the meeting, the bank will discuss proposals including approval of expenses exceeding 1 lakh made under corporate social responsibility, daily allowances for directors, seeking approval from Nepal Rastra Bank for class 'K' regional development banks, amending the memorandum, granting authority to the board of directors for merger or acquisition with other financial institutions, and approving the annual report and auditor's report.

The bank has decided to close the books for dividend distribution and the general meeting from Poush 16 to Poush 27. Accordingly, shareholders who are on record until Poush 15 will be eligible to receive dividends and participate in the meeting.

 

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