Machhapuchchhre Bank Limited held its 28th Annual General Meeting at Hotel Pokhara Grand in Pokhara, where shareholders approved a proposal to distribute a 6 percent dividend and elected four directors unopposed. Following the AGM, the bank’s board of directors re-appointed Roshan KC as chairman for a four-year term. The bank did not specify the date of the meeting in the information provided.
Shareholders approve 6 percent dividend
The AGM approved the bank’s proposal to distribute a 6 percent dividend. The announcement did not provide further details about the dividend, including its form, calculation basis or payment schedule. Those details are therefore not included in the meeting information available.
The approval was one of the decisions made by shareholders at the bank’s 28th annual meeting. The gathering took place at Hotel Pokhara Grand in Pokhara. No additional information was provided about other proposals considered or decisions taken at the AGM.
Four directors elected unopposed
Shareholders elected Roshan KC, Mukunda Mahat and Kriti Mahato as directors representing the founding shareholders. Bishwaprakash Gautam was elected as a director representing the general shareholders. All four were elected unopposed, according to the meeting summary.
The appointments represent both shareholder groups identified in the bank’s announcement: founding shareholders and general shareholders. The information provided does not specify the directors’ individual responsibilities, the duration of their board terms or any changes to the bank’s board beyond these elections.
KC re-appointed for a four-year chairmanship
After the AGM, a meeting of the bank’s board of directors re-appointed KC as chairman for a four-year term. The re-appointment followed his election as a director representing the founding shareholders at the AGM.
The AGM and the subsequent board meeting involved separate decisions: shareholders approved the dividend proposal and elected directors, while the board re-appointed the chairman. The announcement did not give further details about the board meeting or explain whether other appointments were made.
The reported outcomes from the 28th AGM are the approval of the 6 percent dividend, the unopposed election of four directors and KC’s continuation as chairman for another four-year term. No further financial figures or details on the dividend distribution were included in the information available.
