Kathmandu, 14 September: Machhapuchhre Bank has called the general assembly to pass the proposed dividend. The Bank is going to hold its annual general meeting on 18 Asoj.
In the general meeting of the Bank, it wants to ratify a proposal to distribute 14 percent dividend from last financial year’s profit and accumulated profit to its shareholders. Out of which 1,364,201,692 bonus shares amounting to 13.3 percent of the paid-up capital and 70,889,000 rupees of cash dividend amounting to 0.70 percent of the paid-up capital for tax purposes will be distributed.
The Bank has called the 25th Annual General Meeting at the Hotel Grand in Pokhara. For the general meeting, the bank is closing the book of shareholders’ registration on 8 Asoj. Accordingly, the shareholders registered until 7 Asoj will get the proposed dividend from the bank.
People’s News Monitoring Service
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