Kumari Bank's 26th AGM Concludes, NPR 552.1 Million Cash Dividend Approved
Kumari Bank has concluded its 26th Annual General Meeting, approving a proposal to distribute NPR 552,123,396.63 in cash dividend (including tax) for the last fiscal year 2082/83. The meeting also endorsed the annual report, auditor's report, and the consolidated financial statements of its subsidiary companies.
Kathmandu — Kumari Bank has concluded its 26th Annual General Meeting. The meeting was held at Silver Oak Banquet and Events on Durbar Marg in Kathmandu.
The meeting approved a proposal to distribute a cash dividend (including tax) of NPR 552,123,396.63, which amounts to 2.1053 percent of the current paid-up capital, to shareholders from the distributable amount for the last fiscal year 2082/83.
The meeting also endorsed the annual report and the auditor's report for the last fiscal year. The same meeting passed the consolidated financial statements, including the financial statements of the bank's subsidiary companies Kumari Capital and KBL Securities, for the last fiscal year.
Likewise, the meeting approved the proposal regarding the appointment of the auditor and determination of their remuneration for the current fiscal year 2083/83.