Shine Resunga Development Bank has called its 18th AGM for Ashwin 28 to approve a 16% dividend for FY 2082/83.

Shine Resunga Development Bank Limited (SHINE) has scheduled its 18th Annual General Meeting (AGM) for Ashwin 28, 2083. The meeting will be held at Hotel Saffron C.K. Private Limited, Butwal, Rupandehi, starting at 11:30 AM. Among the key agendas, the AGM will seek approval for a 16% dividend for FY 2082/83, proposed from the bank’s paid-up capital of Rs. 5.02 arba. The proposal includes 6% bonus shares and 10% cash dividend, amounting to approximately Rs. 30.13 crore in bonus shares and Rs. 50.21 crore in cash dividend. The AGM will also endorse the auditor’s report along with the profit and loss statement, financial statements and cash flow statement for the relevant fiscal year, as well as appoint an auditor for the upcoming fiscal year. The bank has fixed Ashwin 13 as the book closure date. Therefore, shareholders holding shares before the book closure date will be eligible to receive the proposed dividend and participate in the AGM.