Universal Power Company Limited has announced a new date for its postponed Annual General Meeting (AGM). The board of directors, in its meeting on Poush 22, 2082, decided to hold the AGM on Poush 30, 2082, at Darbar Restro Hotel and Party Venue in Tikhadeval, Lalitpur, starting at 10:00 AM.
The meeting was previously scheduled for Asoj 30, 2082, but was postponed due to insufficient quorum. At the AGM, shareholders will be presented with a proposal to distribute 9% bonus shares and 0.4737% cash dividend. Additionally, a special proposal will be tabled to issue right shares in a 1:1 ratio after issuing the 9% bonus shares, and to authorize the board of directors to carry out all necessary actions related to this issuance.
The AGM will also consider the annual reports presented by the chairman on behalf of the board for fiscal years 2079/80, 2080/81, and 2081/82, along with the auditor’s reports, profit and loss statements, and cash flow statements for approval. Proposals for the appointment and remuneration of auditors for the fiscal years 2080/81 and 2082/83 will also be tabled and approved.
As per the company’s Articles of Association, the AGM will include the election of two directors and the approval of the appointment of an independent director. For the purposes of dividend distribution and AGM participation, the company had book-closed shares on Asoj 8, 2082, making shareholders holding shares on Asoj 7, 2082, eligible to attend the meeting and receive dividends.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
