Kathmandu: Nepal Infrastructure Bank Limited (NIFRA) has scheduled its 8th Annual General Meeting (AGM) for Ashoj 23, 2083. The decision was approved by the bank’s 193rd Board of Directors meeting.
The AGM will be held on Friday, Ashoj 23, 2083, at 9:00 AM at Anupam Foodland and Banquet, Battisputali, Kathmandu.
The bank will propose a cash dividend of 5.2632 percent of its paid-up capital from the profits of Fiscal Year 2082/83. The proposed dividend is inclusive of applicable dividend tax.
Based on the bank’s current paid-up capital of NPR 21.60 billion, the total proposed cash dividend amounts to NPR 1.1368512 billion, equivalent to NPR 1 arba 13 crore 68 lakh 51 thousand 200.
The proposed cash dividend will be distributed after endorsement by the AGM and subsequent approval from the Ministry of Finance in accordance with the Companies Act, 2063.
Financial Reports and Auditor Appointment on Agenda
The AGM will discuss and endorse the Board of Directors’ report, auditor’s report, balance sheet and financial statements for FY 2082/83.
The meeting will also consider the appointment of an external auditor for FY 2083/84 and determine the auditor’s remuneration.
Another agenda item is the ratification of the appointment of Anita Rayamajhi as a director for the remaining term following the resignation of Lima Adhikari Acharya, who had been elected from the public shareholder group.
Book Closure on Ashoj 14
NIFRA has fixed Ashoj 14, 2083, as the book closure date for one day in connection with the AGM and proposed cash dividend.
Shareholders registered in the records of Nepal Stock Exchange (NEPSE) and the company’s share registrar, Global IME Capital, by Ashoj 13, 2083, will be eligible to participate in the AGM, vote and receive the proposed cash dividend.
Accordingly, shareholders whose names remain registered in the relevant records as of Ashoj 13 will be eligible for participation in the bank’s 8th AGM and the proposed dividend.
