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NIFRA Annual General Meeting Passes Financial Reports

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NIFRA Annual General Meeting Passes Financial Reports

December 17: The third Annual General Meeting (AGM) of Nepal Infrastructure Bank Limited passed the report of the Board of Directors of the Fiscal Year 2077/78 and the financial statements unanimously amid a programme held on December 15.

As per the financial statements of 2077/78, out of the accumulated profits till the end of the fiscal yuear, a resolution was passed to provide bonus shares equivalent to 8 percent of Rs 20 billion and a 0.2 percent cash dividend.

The AGM also unanimously elected two directors representing the general shareholders. Those elected include Suman Pokharel and Lima Adhikari Acharya.

The meeting was presided by Anuj Agrawal, who is also the Chairman of the Board of Directors of the bank. The general meeting was organized following the health guidelines against Covid-19 infections for the safety of the shareholders. Some shareholders joined the meeting via online portals in order to prevent the Covid-19 risks.

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