Sanima Bank Calls AGM to Endorse 14.7% Dividend for FY 2079/80; When's the Book Closure?

Sanima Bank Limited (SANIMA) has convened its 19th Annual General Meeting (AGM) for the 2nd day of Kartik, 2080. The AGM will take place at Kundalini Durbar Banquet, Chandol, Kathmandu, commencing at 11 a.m. on that day.

During the meeting, a special proposal will be approved for the distribution of a 9% bonus share along with a cash dividend at a rate of 5.70%, including applicable taxes, from the paid-up capital. In addition to this, the AGM will consider proposals to empower the Board of Directors to amend the memorandum and articles of association, appoint auditors, and other related matters. The paid-up capital of the company stands at Rs. 12.46 Arba. Thus, bonus shares are worth Rs. 1.12 Arba. The cash dividend includes the tax amount for the bonus shares.

Furthermore, there is also an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2080/81.

Ashwin 22 is the book closure date. Thus, shareholders maintained that day are entitled to the dividend payout and can also attend the AGM. Shareholders holding shares until the 21st of Ashoj will be eligible to participate in the bank's AGM and receive dividends.