The board of directors meeting of the company held on September 16 proposed of distributing 8 percent stock and 0.421 percent cash dividend for tax purposes.
To approve the dividend proposal, the company is conducting its AGM on October 20 in Karki Banquet, Babarmahal, Kathmandu at 11 am.
Apart from dividend proposal, the meeting will endorse a proposal of approving additional loans taken for project, issue 1:1 right shares of the paid-up capital maintained after bonus share distribution, amend authorized capital and issued capital as well as delegate authority to BOD to amend article and memorandum of association as per requirement of regulatory bodies.
Moreover, the meeting will approve annual reports, financial reports of FY 2077/782078/79, 2079/80, 2080/81 and appoint an auditor.
In this regard, the company will close its book on September 29, thus, the shareholders registered in its book till September 28 will be eligible to attend the AGM and obtain the announced dividend.
