Kamal Machhapuchchhre Bank Limited (MBL) has scheduled its 27th Annual General Meeting (AGM) for 10th Ashwin, 2082. The meeting will take place at Hotel Pokhara Grand, Pokhara, starting at 11:00 AM.
Dividend Proposal for FY 2081/82
During the AGM, shareholders will review and approve the bank’s dividend proposal. The Board of Directors (BODs) meeting held on Bhadra 12 recommended a total dividend of 8%, which includes:
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4% bonus shares
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4% cash dividend (including tax)
The bank’s current paid-up capital stands at Rs. 11.62 Arba.
Key Dividend Figures
| Particulars | Details |
|---|---|
| Fiscal Year | 2081/82 |
| Total Dividend Proposed | 8% |
| Bonus Shares | 4% |
| Cash Dividend | 4% (including tax) |
| Paid-up Capital | Rs. 11.62 Arba |
Other Major Agendas of the AGM
Apart from the dividend proposal, the AGM will also address several important matters:
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Approval of the auditor’s report, along with financial statements (profit & loss, balance sheet, and cash flow) for FY 2081/82.
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Appointment of an auditor for FY 2082/83.
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Approval of a director to represent the public shareholding group in the board.
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Issuance of 8.25% Machhapuchchhre Perpetual Non-Cumulative Preference Shares worth Rs. 3 Arba at a face value of Rs. 100 per share.
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Increase of the bank’s authorized capital from Rs. 15 Arba to Rs. 20 Arba.
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Amendments to the Memorandum of Association (MOA) to incorporate bonus and preference shares, as per special resolutions.
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Revision of directors’ meeting allowances and benefits, with necessary amendments to the bylaws.
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Authorization to the board to make further amendments as instructed by regulatory authorities.
Book Closure
The book closure date has been set for Bhadra 27, 2082. Shareholders who held shares before this date will be eligible for the proposed dividend and allowed to participate in the AGM.
