The company has listed the agenda in its upcoming AGM called out on March 20 in Karki Banquet, Maitighar at 11:00 AM.
The meeting is supposed to endorse a proposal of distributing 5 percent stock dividend and issue 46.7 percent right shares of the paid-up capital maintained in FY 2074/75.
Moreover, the company will approve a proposal of issuing 90.96 percent right issue of the paid-up capital maintained after the bonus share distribution and right issue.
The meeting will also elect 5 directors and approve a proposal of investing the money obtained through right issue to 40MW Upper Chamelia Hydropower Project.
Presently, the company has a paid-up capital of Rs 1.19 billion. After 5 percent stock dividend and 47 percent right issue, the paid-up capital will reach Rs 1.81 billion. The company will issue 90.96 percent right issue of the same paid-up capital.
In this regard, the company will close its book from March 14, thus, the shareholders registered in its book till March 13 will be eligible to attend the AGM and obtain the announced dividend.