Sanima Bank Limited To endorse 20% bonus share, 1.05 cash dividend & right share in the ratio 2:1

Sanima Bank Limited (SANIMA) will be convening its 11th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Naxal Banquet, Narayan Chaur, Naxal, Kathmandu.

Main agendas of the AGM are:

• To endorse 20 percent bonus share and 1.05 cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72
• To endorse right share in the ratio 2:1 after bonus share is issued.
• To amend the article of association and increase the authorized capital, issued capital and paid up capital.
• Authorize BOD to initiate acquisition process with other financial institutions.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims,
Only those shareholders owning shares till Ashwin 13 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 14, 2072 till Ashwin 28, 2072 for the purpose of its upcoming (AGM) whereas, a separate book closure date will be published for the right shares.
At present SANIMA has a paid up capital of Rs 3.06 arba. After the issuance of 20 % bonus shares, its paid up capital will reach to Rs 3.67 arba whereas, after the issuance of 50 right shares its paid up capital will reach to Rs 5.50 arba.-SSN

Kamana Bikas Bank to endorse 22.60% bonus share & 1.19% cash dividend

Kamana Bikas Bank Limited (KMBL) is holding its 9^th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Pokhara Grand Hotel, Pardi Birauta,Pokhara at 8:30 AM.
The main agenda of the AGM are:

• To endorse 22.60 percent bonus share and 1.19  cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72
• To nullify the earlier decision to issue right share issue in the ratio 4:1 (25%)
• Increment of issued capital and paid up capital up to Rs 34.11 crore and to amend article of association accordingly.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio the development bank will stand at 51:49.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor. Also to elect 5 BOD members, from promoter shareholders group,
Trading of KamanaBikasBankandKaski Finance has been suspended from August 3, 2015 in Nepal stockexchange for the merger process between the Pokhara based financial institutions.
KMBL and KAFILhave signed a Memorandum of Understanding (MOU) for the merger to form a National level development bank, which will be named KamanaBikas Bank Limited with the logo of Kaski Finance Limited.

Business Universal Development Bank proposed 13% bonus share & 0.68% cash dividend

The 63rd BOD meeting of the Business Universal Development Bank Limited held on Ashwin 1, 2072 has proposed 13% stock dividend and 0.68% (cash dividend for tax purpose) to its shareholders from the net profit it earned in the last fiscal year.

However, it is subjected to the approval of NRB and its upcoming AGM.

Last year, Bussiness Universal had distributed 11% bonus share to its shareholders from the profit of fiscal year 2070/71.

The development bank has earned net profit of Rs 16.11 crore in its fourth quarter of the last fiscal year 2071/72.-SSN

Citizens Bank to endorse 20% bonus share & right share 10:4

Citizens Bank International Limited (CZBIL) will be convening its 9th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Amrit Bhog, Kalikasthan, Dillibazar, Kathmandu at 11 AM.
The main agenda of the AGM are:

• To endorse 20 percent bonus share from the net profit it earned from the fiscal year 2071/72
• To endorse right share in the ratio 10:4 after bonus share is issued.
• To amend the article of association and increase the authorized capital issued capital and paid up capital.
• Authorize BOD to initiate merger or acquisition process with other financial institutions.

Other Agendas of the AGM include Financial highlights of 2071/72, to endorse the help provided to earthquake victims, To elect 5 BOD members from the promoter group (4 from section (A) and 1 from section (B1)).
Only those shareholders owning shares till Ashwin 10 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 11, 2072 till Ashwin 18, 2072 for the purpose of its upcoming 9th Annual General Meeting (AGM) whereas, a separate book closure date will be published for the right shares.
At present the paid up capital stands at 2. 55 arba. After the issuance of 20 % bonus shares, its paid up capital will reach to Rs 3.06 arba whereas after the issuance of 40 right shares its paid up capital will reach to Rs 4.29 arba.-SSN

Siddhartha Development Bank to distribute 11% bonus share & 0.58% cash dividend

Siddhartha Development Bank Limited (SDBL) has decided to distribute 11 percent bonus share and 0.58 percent cash dividend for tax purpose to its shareholders.
The 314th BOD Meeting of the company held on Ashwin 5, 2072 has proposed distribution of 11% Bonus Shares and 0.58% Cash Dividend (for Tax Purpose) to their Shareholders
The decision is subjected to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
The development bank has earned net profit of Rs 16.18 crore in its fourth quarter of the last fiscal year 2071/72. Its paid up capital remains at Rs 64.50 lakhs.-SSN