Kathmandu. Shareholders who have bought shares till today will get the dividend offered by Kalinchowk Darshan and Machhapuchchhre Bank. Machhapuchchhre Bank has decided to close the book on September 28 for the purpose of dividends and meetings. This means that only the shareholders who have remained in the bank till September 8 will be eligible to receive the dividend and attend the meeting.
Similarly, Kalinchowk Darshan has also decided to close the book on September 9 for the purpose of dividend and meeting. Only the shareholders who have remained in the company till September 9 will be eligible to receive the dividend and attend the meeting.
Machhapuchchhre Bank has decided to hold its 28th Annual General Meeting (AGM) on October 12. The meeting will begin at 11:00 am at Hotel Pokhara Grand, Pardi, Pokhara.
The meeting approved a total dividend of 6 per cent of the current paid-up capital out of the proposed distributable profits for FY83. This includes bonus shares of Rs 36,25,86,347 and cash dividend (including tax) of Rs 36,25,86,347 coming up to 3 per cent.
The meeting will also approve a proposal to distribute a cash dividend (including tax) of Rs 7,45,89,041 to the preference shareholders for the last financial year, amounting to 8.25 per cent. The meeting will also pass a special resolution authorizing the Board of Directors to follow the suggestions or instructions received from the regulatory body while amending the Memorandum of Association and Regulations.
The meeting shall elect 3 directors representing the promoter group and 1 director representing the general group to the board of directors. Similarly, the meeting shall approve the annual and auditor’s report for the last financial year and the current financial year 2083. The proposal for the appointment of an auditor for the year 84 and fixation of his remuneration shall be approved.
Similarly, Kalinchowk Darshan has decided to hold its 12th Annual General Meeting on September 3. The meeting will begin at 11:30 am at the German Homes Hotel in Gatthaghar, Bhaktapur.
The meeting approved a total dividend of 8.9474 per cent of the current paid-up capital of Rs 63 crore proposed for FY83. It will approve a total dividend of 8.9474 per cent of the current paid-up capital of Rs 63 crore. This includes bonus shares of Rs 5,35,50,000 per cent for tax purposes and cash dividend of Rs 2,818,421.05 per cent for tax purposes.
The meeting will also pass a special resolution to issue 1:1 of the paid-up capital i.e. 100 percent right shares after the distribution of bonus shares. Since the paid-up capital will increase after the distribution of bonus shares, it will approve another special proposal to amend the memorandum of association and regulations accordingly.
The meeting shall pass a resolution authorizing the Board of Directors to amend the Memorandum of Association and the Regulations, if any changes are received from the regulatory bodies. The meeting shall approve a proposal for expansion of the company’s business horizon and diversification of investments.
The meeting approved the annual and auditor’s report for the last fiscal year and the current fiscal year 2083. 84 will pass a resolution relating to the appointment of the auditor and the determination of his remuneration.
