Muktinath Biaks Bank declares 18.2% dividend at 19th AGM
The AGM approved the bank’s annual report for FY 2080/081 and announced an 18.2% dividend for shareholders, comprising 13.53% as bonus shares and 4.67% as cash dividend (inclusive of tax).
KATHMANDU: Muktinath Bikas Bank Ltd. held its 19th Annual General Meeting (AGM) on Kartik 15, 2082 in Pokhara.
The AGM approved the bank’s annual report for FY 2080/081 and announced an 18.2% dividend for shareholders, comprising 13.53% as bonus shares and 4.67% as cash dividend (inclusive of tax).
The meeting, chaired by the bank’s Chairman Mr. Khim Prakash Malla, also approved key proposals including increasing the bank’s paid-up capital to Rs 900,038,876.11, amending the related clauses of the bank’s Articles of Association, and authorizing the board to initiate the process for upgrading the bank to commercial bank status in line with Nepal Rastra Bank regulations.
Appointment of auditors for FY 2082/083 and other routine matters were also approved.
The AGM commenced with an inaugural speech by Chairman Malla. Board member Mr. Bharat Prasad Lamsal delivered the welcome address, while CEO Mr. Pradyuman Pokharel provided an overview of the bank’s current status and future strategies.
Shareholders raised questions and suggestions regarding the FY 2081/082 annual report, which were addressed in detail by the Chair and CEO.
