Laxmi Sunrise Bank Calls AGM on Poush 14 to Approve Dividend Proposal

Laxmi Sunrise Bank Limited (LSL) has announced its 25th Annual General Meeting (AGM) to endorse the dividend proposed from the profit of the previous fiscal year. The AGM will be held on Monday, 14th Poush, at Agarwal Bhawan, Kamalpokhari, Kathmandu, starting at 11:00 AM.

During the meeting, the bank will table the proposal to distribute 10% bonus shares and an additional 0.53% cash dividend to cover tax obligations arising from the bonus shares. Apart from the dividend endorsement, the AGM will also discuss restructuring the Board of Directors, authorizing the Board to amend the bank’s Memorandum and Articles of Association, appointing auditors, and other key agendas.

For the purpose of the AGM and dividend distribution, the bank has announced Poush 1 as the book closure date. Therefore, shareholders holding shares traded up to 29th Mangsir in NEPSE will be eligible to participate in the AGM and receive the proposed dividend.