Kathmandu, 29th Poush, 2081 – Lumbini Bikas Bank Limited has announced its 17th Annual General Meeting (AGM), scheduled to take place on 29th Poush, 2081, at 10:30 AM. The meeting will be held at Amritbhog in Kalikasthan, Kathmandu, where key decisions regarding the bank's future will be discussed and finalized.
The AGM will present the financial highlights of the fiscal year 2080/81, showcasing the bank's performance over the past year. Shareholders will also deliberate on the appointment of an auditor for the upcoming fiscal year and approve the nomination of an independent director.
A significant part of the agenda includes the proposal to distribute a 4% cash dividend and 3% bonus shares to shareholders, reflecting the bank's commitment to delivering value to its stakeholders. Furthermore, the AGM will discuss and potentially pass a resolution to increase the bank's issued capital, a strategic move to support future growth and expansion.
Another key item on the agenda is an amendment to the bank's Articles of Association, which is likely to align with regulatory requirements and operational strategies.
The decisions made during this AGM will play a crucial role in shaping Lumbini Bikas Bank's direction as it continues to establish itself as a leading development bank in Nepal. Shareholders and stakeholders are eagerly awaiting the outcomes of this important meeting.
Stay tuned to Ecosphere News for further updates on this and other financial developments.
