Nepal Investment Mega Bank Limited (NIMB) Calls 38th Annual General Meeting (AGM)

Nepal Investment Mega Bank Limited (NIMB) has announced its 38th Annual General Meeting (AGM), scheduled to be held on Falgun 15, 2081 (February 27, 2025). The meeting will take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 10:00 AM. Shareholders are encouraged to attend and participate in the discussions and decision-making process.

Key Agendas of the AGM

The AGM will address the following important agendas:

1. Endorsement of Annual Reports:
   • Approval of the annual report for the fiscal year 2080/81.
2. Auditor’s Report and Financial Statements:
   • Endorsement of the auditor’s report, including the profit and loss (PL) statements, financial reports, and cash flow statements for FY 2080/81.
3. Consolidated Financial Statements:
   • Approval of the consolidated financial statements of NIMB’s subsidiaries, NIMB Ace Capital Limited and NIMB Stock Market Limited, for FY 2080/81.
4. Appointment of Auditor:
   • Appointment of an auditor for the fiscal year 2081/82 and determination of their remuneration.
5. Election of Directors:
   • Election of 4 directors from the promoter shareholder group and 2 from the public shareholder group.
6. Miscellaneous:
   • Discussion on any other relevant matters.

Important Information for Shareholders

1. Book Closure Date:
   • The book closure date for the AGM is Magh 29, 2081. Only shareholders registered before this date will be eligible to attend and vote at the AGM.
2. No Dividend Distribution:
   • The company has announced that it will not distribute dividends for the fiscal year 2080/81.
3. Shareholder Participation:
   • Shareholders can attend the AGM in person or through an authorized representative.
   • Minors must be represented by their guardians or appointed representatives.
   • Joint shareholders must nominate one person to represent them.
4. Proxy Voting:
   • Shareholders who cannot attend the AGM can appoint a proxy to vote on their behalf.
   • The proxy form must be submitted to the bank’s share registrar, NIMB S Capital Limited, located in Lazimpat, Kathmandu, at least 72 hours before the meeting.
5. Election of Directors:
   • Shareholders interested in contesting for the director positions must meet the eligibility criteria, including holding a minimum of 100 shares in their name and complying with the Banking and Financial Institutions Act, 2073, and other relevant laws.
6. Attendance and Voting:
   • Shareholders must bring their share certificates or DEMAT account details along with a valid photo ID to participate in the AGM.

Additional Notes

• The detailed agenda and annual report are available on the bank’s official website: www.nimb.com.np.
• Shareholders can also collect the AGM notice and related documents from the bank’s corporate office in Lazimpat or its central office in Darbar Marg, Kathmandu.
• The bank has requested shareholders to arrive early on the day of the AGM for a smooth registration process.

Conclusion

Nepal Investment Mega Bank Limited (NIMB) is all set to hold its 38th Annual General Meeting on Falgun 15, 2081. The meeting will focus on key financial and governance matters, including the approval of annual reports, appointment of auditors, and election of directors. Shareholders are encouraged to participate actively, either in person or through a proxy, to contribute to the bank’s decision-making process. For more details, shareholders can visit the bank’s website or contact its offices.