Excel Development Bank Limited (EDBL) has scheduled its 19th Annual General Meeting (AGM) for the 11th of Chaitra, 2081. This gathering will take place at Siddhartha Hotel, Jhapa, commencing at 11 AM on that date.
The following items will be the Agenda during the AGM:
1) Ratification of financial statements for the fiscal year 2080/81.
2) Approval of the auditor’s findings along with profit and loss statements, financial documents, and cash flow analyses.
3) Confirmation of the auditor’s appointment for the fiscal year 2081/82.
4) Sanction the selection of an independent director.
5) To pinpoint an appropriate bank or financial institution for mergers and acquisitions with Excel Development Bank Limited.
6) Grant full power to the board of directors to manage various merger/acquisition processes in accordance with directives from regulatory authorities.
7) To elevate the remuneration for members of the board of directors attending the meeting.
8) Other matters.
The bank has not suggested any dividend for the fiscal year 2080/81. The book closure date is set for Falgun 29, meaning only the shareholders registered prior to this date will be eligible to participate in the AGM.
