The companies are closing their books on March 13 for their upcoming AGM, thus, the shareholders registered in their book till March 12 will be eligible to attend their AGM and obtain the announced dividend.
Century Commercial Bank (CCBL)is conducting its 9th AGM on March 27 in Army Officers Club, Bhadrakali at 11:00 AM.
The meeting will approve a proposal of distributing 2 percent stock dividend worth Rs 168.3 million and 4.75 percent cash dividend worth Rs 399.7 million to its shareholders.
The paid-up capital of the bank will reach Rs 8.58 billion after the bonus share distribution.
Similarly, Womi Laghubitta (WOMI) is conducting its 8th AGM on March 29 in conference hall of Jugal Hotel, Kavrepalanchowk, Dhulikhel.
The meeting will endorse a proposal of distributing 25 percent stock and 1.316 percent cash dividend for tax proposes. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and conduct all the required procedure for the merger/acquisition.
Likewise, Api Power Company (API) is conducting its AGM 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.