On the day, NEPSE adjusted the stock price at Rs 578.10 after adjusting 5 percent stock dividend. The last trading price of the stock was Rs 607 per unit on October 2.
Super Madi Hydropower (SMHL) is conducting its 15th AGM on October 21 in Hotel Imperial, Battisputali, Kathmandu at 11 am.
The meeting will approve a proposal of distributing 5 percent stock and Rs 5.5 million worth cash dividend for tax purposes to its shareholders.
Similarly, the meeting will approve proposal of issuing right issue, take loans and utilize reserve profit to invest in 285 MW Upper Tamor Hydropower Project in Taplejung, delegate authority to BOD to amend article and memorandum of association, approve annual and financial reports of last FY and appoint an auditor.
