Katmandu, October 14: Machhapuchchhre Bank held its 28th Annual General Meeting (AGM) today (Wednesday), in Pokhara.
The AGM unanimously elected Roshan K.C., Mukunda Mahat, and Ms. Kriti Mahato as directors representing the bank’s promoter shareholders. It also unanimously elected Bishwo Prakash Gautam as a director representing the general shareholders. Subsequently, a meeting of the bank’s Board of Directors decided to reappoint Roshan K.C. as Chairman of the Board for another four-year term.
The AGM also approved the bank’s annual report for the fiscal year 2025/26 and endorsed a proposal to distribute a dividend equivalent to 6 percent of its paid-up capital to shareholders from the net profit earned in that fiscal year. The dividend comprises a 3 percent cash dividend and a 3 percent bonus share dividend, with the stated 6 percent dividend inclusive of tax. Following the distribution of bonus shares, the bank’s total ordinary paid-up capital will reach Rs. 12.45 billion, while its total paid-up capital, including preference shares, will amount to Rs. 15.45 billion. The bank earned a net profit of Rs. 1.95 billion in the last fiscal year, recording earnings per share of Rs. 16.17.
The AGM, held at Hotel Pokhara Grande in Pokhara, witnessed significant participation from both promoter and general shareholders.
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