NIC Asia Bank AGM approves 2:1 rights share issue
The AGM also endorsed a major proposal to issue rights shares in a 2:1 ratio against the bank’s existing paid-up capital, subject to approval from the relevant regulatory authorities.
KATHMANDU: NIC Asia Bank Limited has successfully concluded its 28th Annual General Meeting (AGM) held on Monday at the Army Officers Club, Bhadrakali, Kathmandu.
The meeting approved the bank’s annual report of the Board of Directors along with the auditor’s report and the financial statements including the balance sheet, profit and loss account, and cash flow statement for the fiscal year 2081/82.
The AGM also endorsed a major proposal to issue rights shares in a 2:1 ratio against the bank’s existing paid-up capital, subject to approval from the relevant regulatory authorities.
Similarly, the meeting unanimously elected new directors from both promoter and public shareholder groups.
From the promoter shareholders, Ashok Kumar Agrawal, Ramchandra Sanghai, and Jayant Kumar Agrawal were elected unopposed.
From the public shareholders, Aditya Kumar Agrawal, Keshav Prasad Lamsal, and Anupa Pradhan Rajbhandari were also elected unanimously.
The AGM also concluded with the approval of other regular proposals presented by the board.
