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Annual General Meeting

Nepal SBI Merchant Banking holds 10th AGM, approves 25% cash dividend

The meeting endorsed a 25% cash dividend—equivalent to Rs. 50 million, inclusive of applicable taxes—for distribution to its shareholders.

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KATHMANDU: Nepal SBI Merchant Banking Limited successfully conducted its 10th Annual General Meeting (AGM) on Ashwin 27, 2082 at the head office of Nepal SBI Bank Limited, Kamaladi, Kathmandu.

The AGM approved the Board of Directors’ report and the audited financial statements for the fiscal year 2081/82, including the balance sheet as of Ashad-end 2082 and related schedules.

The meeting endorsed a 25% cash dividend—equivalent to Rs. 50 million, inclusive of applicable taxes—for distribution to its shareholders.

Additionally, the AGM appointed M/s A.P. & Associates, Chartered Accountants, as the external auditor for the fiscal year 2082/83 and fixed their remuneration.