Api Power Calls Out AGM

Sep 16, 2024 10:52 AM Merolagani



Api Power has called out 21st annual general meeting (AGM) on October 17 in Hotel Crystal Pashupati, Gaushala, Kathmandu at 11 am.

The meeting will endorse a proposal of distributing 9 percent stock and 0.4737 percent cash dividend to its shareholders.

Similarly, the meeting will approve proposal of delegating authority to BOD to amend article and memorandum of association, invest in subsidiary company Api Infra Ltd to maintain 100 percent ownership.

Moreover, the meeting will approve proposal of invest in Latinath Power Company to maintain majority, invest in Nwagadh Small Hydropower, Darchula Power Company and Mid-Chamelia Hydropower, in Suryakunda Hdyro Electric to invest in Upper Tadi Khola Hydropower Project.

In this regard, the company will close its book on October 2, thus, the shareholders registered in its book till October 1 will be eligible to attend the AGM and obtain the announced dividend.  




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