Everest Bank Approves 15% Dividend at 32nd AGM
Everest Bank Limited has approved a 5% bonus share and 10% cash dividend at its 32nd Annual General Meeting. The AGM also endorsed the annual report for FY 2082/83 and appointed G.P. Rajbahak & Company as auditor for FY 2083/84.
Everest Bank Limited has approved a 5% bonus share and 10% cash dividend, including tax applicable on the bonus shares, for its shareholders.
The proposals were approved at the bank's 32nd Annual General Meeting held on Ashoj 14, 2083. The AGM also endorsed the bank's annual report for FY 2082/83 along with the auditor's report.
Following the issuance of the proposed bonus shares, the bank's paid-up capital will increase. Accordingly, the AGM approved a special proposal to amend the bank's Memorandum and Articles of Association.
The AGM also unanimously appointed G.P. Rajbahak & Company as the bank's auditor for FY 2083/84, with the appointment approved unanimously.