Sagarmatha Hydropower Company Announces 5% Dividend, 4th AGM on Mangsir 14
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NEPSE trading
Sagarmatha Hydropower Company has declared a 5% dividend from last fiscal year's profits, comprising a 4.75% bonus share and a 0.25% cash dividend (for tax purposes) for its shareholders.
Dividend Announcement: The company will distribute a 4.75% bonus share and a 0.25% cash dividend.
Annual General Meeting (AGM): The 4th AGM to approve the dividend proposal will be held on Mangsir 14 at 9 AM at Smart Durbar, Shankhamul Park, Kathmandu.
Agenda for Discussion:
Discussion on the annual report of the Board of Directors and auditors.
Appointment of auditors and determination of remuneration for the current fiscal year.
Amendments to the Memorandum and Articles of Association to increase authorized, issued, and paid-up capital following the bonus share distribution.
Authorizing the Board of Directors to carry out these tasks.
Book Closure: The company has decided to close the book for one day on Kartik 26. Shareholders registered by Kartik 25 will be eligible to participate in the AGM and receive the dividend.
This AGM will set the company's future financial strategies, benefiting shareholders through its plans.
