Kathmandu. KATHMANDU: Kamana Sewa Bikas Bank has concluded its 19th Annual General Meeting (AGM) on Friday.

The AGM, chaired by the bank’s Chairman Mr. Sudip Acharya, approved 10 percent bonus shares and 5.7895 percent cash dividend (including tax).

The AGM also unanimously approved the Annual Financial Statement, Balance Sheet, Profit or Loss, Statement of Cash Flow, Statement of Profit or Loss, Statement of Profit or Loss, and other financial statements for the FY 2081/82 (2081/82).

Similarly, Sudip Acharya, Bhim Prasad Tulachan, Chatur Adhikari and Balram Baral, Bishweshwar Subedi and Dr. Madhav Kumar Shrestha have been elected from the general group for the next four years. Pawan Kumar Sharma has been elected unopposed.

The AGM approved the proposal of appointing NBSM & Associates as an auditor as per the recommendation of the PAC of the bank for the audit of FY 2082/83.

Chairman of the bank Mr. Sudip Acharya and Chief Executive Officer Mr. Dinesh Thakali responded to the queries raised by the shareholders during the AGM. Responding to the queries of the shareholders, Dinesh Thakali, CEO of the bank, said that the bank has been able to distribute dividend in double digits and is committed to provide sustainable returns in the days to come.