KATHMANDU: The 29th annual general meeting (AGM) of Everest Bank Ltd (EBL) has concluded successfully with endorsement of the financial statement, balance sheet, profit and loss account, cash flow statement, and annual report for the same time, as well as the auditor's report.
For the fiscal year 2022-23, the general meeting approved a resolution to distribute 10 per cent bonus shares and 10.53 per cent cash dividend (including bonus share tax) to shareholders, as per a press release.
As the present issued and paid-up capital will increase when the bank distributes the planned bonus shares, the general meeting approved a motion to alter the memorandum of association to enhance the issued and paid-up capital.
The general meeting of the bank has unanimously passed the decision to appoint N Amatya & Co as auditors for the fiscal year 2023-24.
A version of this article appears in the print on October 18, 2023, of The Himalayan Times
