NIC Asia Bank Limited has successfully conducted its 28th Annual General Meeting today on Jestha 18 Monday at the Army Officers Club in Bhadrakali, Kathmandu. During the meeting, the bank approved the major proposal to issue right shares for its shareholders.
The annual general meeting discussed and passed the annual financial reports of fiscal year 2081/82, which includes balance sheet, profit and loss account, and cash flow reports till the end of Ashadh 2082. The report presented by board of directors and the auditor was also approved by the shareholders.
Most importantly, the meeting approved the proposal to issuing 2:1 right shares on the current paid-up capital of the bank. This right share issue will happen after getting final approval from the concerned government authorities. Many other general proposals of the bank was also passed in the meeting.
In the meeting, new board members were also chosen. Ashok Kumar Agarwal, Ramchandra Sanghai, and Jayanta Kumar Agarwal were elected from the promoter shareholders side. Similarly, Aditya Kumar Agarwal, Keshav Prasad Lamsal, and Anupa Pradhan Rajbhandari was elected unopposed as directors from the public shareholders side.