Agricultural Development Bank Limited (ADBL) has scheduled its 18th Annual General Meeting (AGM) for 29th Mangsir, 2082. The gathering will take place at the Agriculture Development Bank Central Training Centre in Bhaktapur, commencing at 11 am on that date.
Among the various topics on the agenda, the AGM will approve a 13% dividend for the financial year 2081/82. The Board of Directors (BoD) has resolved to allocate a 13% dividend based on the paid-up capital of Rs. 13.85 Arba, proposing 3.25% in bonus shares and 9.75% in cash dividends (including tax).
Additionally, there is a plan to ratify the auditor’s report alongside the profit and loss statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2082/83. There will also be an approval for the distribution of a 6% cash dividend to the holders of Non-Cumulative Irredeemable Preference Shares, as mandated.
Mangsir 14 marks the book closure date. Therefore, shareholders recorded before this date qualify for the dividend payout and are welcome to participate in the AGM.
