Muktinath Bikas Bank Announces Book Closure Date for 18.20% Dividend

Muktinath Bikas Bank Limited (MNBBL) has scheduled its 19th Annual General Meeting (AGM) for Kartik 15, 2082.

The AGM will endorse the board’s proposal of an 18.20% dividend for the fiscal year 2081/82. The decision was made during the bank’s 358th board meeting held on Bhadra 31, 2082. Based on the paid-up capital of Rs. 7.04 Arba, the dividend proposal includes 13.53% bonus shares and 4.67% cash dividend (including tax).

Other agendas include endorsing the auditor’s report along with the profit and loss account, financial statements, and cash flow statements, as well as appointing an auditor for the fiscal year 2082/83.

The bank has set Ashwin 31 as the book closure date. Shareholders recorded before this date will be eligible for the dividend payout and are also entitled to participate in the upcoming AGM.