Narayani Development Bank Calls 23rd and 24th AGMs to Propose Right Shares and Merger Resolution

16th October 2026, Kathmandu

Narayani Development Bank Limited has officially called its combined 23rd and 24th Annual General Meetings (AGMs) to be held on Friday, Kartik 27, 2083, featuring major strategic proposals for right share issuances, capital restructuring, and potential bank mergers or acquisitions.

Narayani Bank Calls AGMs

AGM Schedule, Venue, and Book Closure Notice

The regional development bank scheduled the dual general assembly following a board of directors meeting held on Ashwin 23, 2083 to address consecutive fiscal years and regulatory compliance requirements.

• Meeting Date and Time: The combined 23rd and 24th Annual General Meetings are scheduled for Kartik 27, 2083 (November 13, 2026), starting at 11:00 AM.
• Meeting Venue: The general assembly will take place at Smart Garden and Restaurant located in Bharatpur-12, Basanta Chowk, Chitwan.
• Book Closure Date: The bank established Kartik 13, 2083 (October 29, 2026) as the formal book closure date for shareholder registration.
• Shareholder Eligibility: Investors holding shares on the Nepal Stock Exchange (NEPSAN) through Kartik 12, 2083 (October 28, 2026), whose ownership details are recorded with share registrar Global IME Capital, are eligible to attend and vote at the AGM.

Capital Enhancement and Right Share Issuance Proposals

To satisfy regulatory minimum paid-up capital benchmarks set by the central bank, Narayani Development Bank has tabled resolutions for capital restructuring.

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• Right Share Approval: A special proposal will be presented to issue right shares to raise required capital reserves.
• Auction Remnant Management: Following the completion of auction procedures for previously unsold right shares, the board of directors will seek authorization to initiate subsequent right share offerings as necessary.
• Regulatory Approvals: All capital issuance procedures remain subject to final approvals from Nepal Rastra Bank and the Securities Board of Nepal (SEBON).

Merger, Acquisition, and Strategic Partnership Resolutions

The bank is expanding its corporate restructuring framework to strengthen institutional capacity and market competitiveness.

• Merger and Acquisition Mandate: The AGM agenda includes a proposal authorizing the board of directors to identify suitable banking partners, conduct due diligence, sign memorandums of understanding, and execute asset-liability valuations (DPA) for potential mergers or acquisitions.
• Strategic Investor Inflow: Provisions have been opened to welcome strategic partners or new investors to expand the bank’s capital base and operational scale.

Financial Reviews and Routine Governance Approvals

The assembly will also process statutory financial approvals for past operational cycles.

• Financial Reports: Review and approval of annual reports, profit and loss statements, and balance sheets for fiscal years 2080/81 and 2081/82.
• Auditor Appointments: Appointment of statutory external auditors for the upcoming fiscal year and fixation of audit fee remuneration packages.
• Director Appointments: Formal ratification of interim board director appointments made during the operating period.

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