Kumari Bank Calls Annual General Meeting; No Dividend for Shareholders
14th December 2025, Kathmandu
Kumari Bank Limited has officially announced the convening of its 25th Annual General Meeting (AGM). The decision to hold the meeting was finalized during a session of the Bank’s Board of Directors held on December 11, 2025.
Kumari Bank Calls AGM
This AGM is a mandatory event for the bank, serving to formally approve the financial performance and governance activities of the past fiscal year.
The AGM is scheduled to take place on January 14, 2026, commencing at 11:00 AM. The meeting will be held at Amrapali Banquet in Bhatbhateni, Kathmandu. Shareholders will gather to review crucial corporate documents and participate in key governance decisions, despite the absence of a dividend proposal this year.
No Dividend Proposal and Financial Review
A significant point of information regarding this year’s AGM is the absence of a dividend proposal, a decision that was previously announced by the bank.
Dividend Status: The Bank’s Board of Directors, in an earlier meeting held on November 12, had already confirmed the decision not to distribute any dividend to the shareholders for the concluded fiscal year. This means shareholders will not receive either cash or bonus shares from the profits of the previous period.
Financial Statement Approval: The AGM’s primary focus will thus shift entirely to the mandatory review and approval of the bank’s financial health and performance. The meeting will discuss and subsequently approve the annual report of the previous fiscal year, along with the detailed auditor’s report, the balance sheet, the profit and loss account, the cash flow statement, and all other related financial statements. The formal approval of these documents is a crucial requirement for regulatory compliance under Nepal Rastra Bank and other authorities.
Key Governance and Consolidation Agendas
The 25th AGM agenda includes several important items related to corporate governance, the bank’s consolidated reporting, and the audit process.
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Consolidated Financial Statements: A major item involves the approval of the consolidated financial statements. This means the AGM will approve the combined financial performance of Kumari Bank Limited along with the financial statements of its subsidiary companies for the previous fiscal year. This consolidation is particularly important as it provides a holistic view of the financial stability and performance of the entire group.
Subsidiary Companies: Kumari Bank operates two key subsidiary companies whose financial results will be integrated into the consolidated report: Kumari Capital Limited and KBL Securities Limited. These subsidiaries are instrumental in the bank’s involvement in the capital market, offering merchant banking services and stock brokerage services, respectively. Their performance is vital to the overall group strategy.
Auditor Appointment: The meeting will address the critical governance function of appointing an external auditor for the current fiscal year. The AGM holds the authority to select the auditing firm responsible for independently reviewing the bank’s books and will also determine the auditor’s remuneration for the year’s service. This process is essential for maintaining investor confidence and regulatory compliance.
Book Closure Date and Eligibility Criteria
For the purpose of finalizing the list of shareholders eligible to participate and vote at the 25th Annual General Meeting, the bank has announced a specific book closure date.
Book Closure Date: The bank has decided to close its share register (book close) for one day on December 21, 2025. This one-day closure allows the bank to prepare the final list of eligible shareholders.
Eligibility Cut-off: Consequently, only those shareholders who have purchased Kumari Bank shares and are registered in the Nepal Stock Exchange (NEPSE) up to the end of trading on December 21, 2025, will be eligible to participate in the AGM. Investors who acquire shares on or after December 22, 2025, will not be listed as eligible attendees for this specific meeting.
The AGM proceedings will focus squarely on governance and compliance, setting the financial stage for Kumari Bank’s operations in the coming fiscal year.
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