27th February 2025, Kathmandu
Nepal Investment Mega Bank Ltd. held its 38th Annual General Meeting (AGM) at the National Assembly Hall, Kathmandu. The meeting reviewed the bank’s financial performance and strategic plans. Key topics included board elections and regulatory compliance. Shareholders and stakeholders actively participated in discussions.
Nepal Investment Mega Bank AGM
Board Granted Full Authority
The AGM approved a special resolution allowing the Board of Directors to make linguistic modifications or amendments if suggested by regulatory bodies. This ensures compliance with legal requirements without needing another general meeting.
Election of Directors
Four directors from the founder group were elected unopposed. Two directors from the general public shareholders’ group were selected through a voting process. This decision strengthens leadership and governance at the bank.
Approval of Financial Reports
The Annual Report and Auditor’s Report for Fiscal Year 2080/81 (2023/24) received approval. The AGM also finalized the appointment of an auditor and their remuneration for Fiscal Year 2081/82 (2024/25).
No Dividend for Shareholders
The bank did not propose any dividend distribution for shareholders from the previous fiscal year. As a result, investors will not receive any returns on their shares this year.
Background and Previous AGM
The Board of Directors had scheduled the 38th AGM for Falgun 15, 2080 (February 27, 2025). In the previous 37th AGM, the election of directors was planned but postponed due to a Supreme Court order.
AGM Details
The meeting began at 10:00 AM and included shareholders and key stakeholders. Discussions covered financial performance, governance, and regulatory compliance.
The AGM concluded with decisions that shape the bank’s future strategy and stability.
For more: Nepal Investment Mega Bank AGM