Siddhartha Bank Limited’s formal notice about the scheduling of its 24th Annual General Meeting (AGM)
16th November 2025, Kathmandu
Siddhartha Bank Limited (SBL) has formally notified its shareholders about the scheduling of its 24th Annual General Meeting (AGM), a crucial event for reviewing the bank’s performance in the last fiscal year, approving financial statements, and endorsing dividend proposals.
Siddhartha Bank Limited AGM
The announcement, tagged with the bank’s long-running slogan “Relationship Forever,” underscores the importance of shareholder engagement and corporate governance.
Key Details of the 24th AGM
The notice provides all essential logistical details for the respected shareholders of Siddhartha Bank:
- Date: The meeting is scheduled for 30 Kartik 2082 (corresponding to 16 November 2025, Sunday).
- Time: The AGM will officially commence at 10:00 AM.
- Venue: The event will be held at the Army Officers Club, Bhadrakali, Kathmandu, a central location selected for its capacity to host a large gathering of shareholders.
- Registration: Shareholder attendance registration will open an hour before the start of the meeting, from 9:00 AM on the same day.
This meeting is the annual statutory requirement where the bank communicates directly with its owners (the shareholders) regarding the bank’s operations, financial health, and future direction as mandated by the Companies Act and the banking regulator, Nepal Rastra Bank (NRB).
AGM Agenda and Key Endorsements
The 24th AGM is set to cover several key agendas crucial to the bank’s governance and shareholder returns for the fiscal year 2024/25. The items on the agenda typically include:
Financial Approvals: Reviewing and approving the Auditor’s Report, the Balance Sheet, the Profit and Loss Account, and the Cash Flow Statement for the fiscal year 2081/82. This also includes approving the consolidated financial statement of the bank’s subsidiary company, Siddhartha Capital Limited.
Dividend Proposal: The meeting will endorse the total 10.53 percent dividend proposed by the Board of Directors for the fiscal year 2081/82. This total dividend is structured as a 5 percent Bonus Share and a 5.53 percent Cash Dividend (the cash dividend component includes the necessary amount for tax purposes on the bonus shares).
Auditor Appointment: The AGM will appoint the Auditor and determine their remuneration for the subsequent fiscal year, 2025/26.
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Governance Matters: Seeking approval for the appointment of an Independent Director (such as Kamala Wagle for a four-year term) and endorsing amendments to the Memorandum and Articles of Association to align with capital increases and regulatory directives.
Shareholders who held shares by the book closure date (which was set for Kartik 17, 2082) are eligible to receive the proposed dividend and attend the meeting.
Accessing Information and Customer Support
To ensure full transparency and compliance, Siddhartha Bank has made all relevant documentation pertaining to the AGM readily accessible to its shareholders.
Online Documents: Details related to the AGM, the comprehensive annual report, the proxy form for shareholders who cannot attend in person, and the official AGM notice are all available on the bank’s corporate website: www.siddharthabank.com.
Physical Contact: For additional information, or for shareholders who prefer direct communication, the Company Secretary’s Office at the bank’s registered office in Naxal, Kathmandu, can be contacted.
Telephone: 01-5970720
Siddhartha Bank also reiterates its commitment to continuous customer service through its 24/7 support line, SIDDHARTHA CARE, which can be reached at 01-5970020 or via email at [email protected]. This continuous support is part of the bank’s “Relationship Forever” value proposition, ensuring stakeholders are never left without assistance, even on a weekend, which is when the meeting is scheduled.
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