The AGM approved the issuance of bonus shares at 5% of paid-up capital and a 0.2632% cash dividend for tax purposes, distributed from accumulated profits up to the fiscal year 2081/82.
Shareholders also approved the annual report, auditor’s report, balance sheet, profit and loss statement, and cash flow statement for FY 2081/82. The AGM appointed auditors for FY 2082/83 and determined their remuneration.
Under special proposals, the meeting approved a rights share issuance worth Rs 191.39 crore at Rs 0.30 per share, based on the post-bonus paid-up capital of Rs 637.97 crore. The funds raised through the rights issue will be invested as equity in Divyajyoti Hydropower Limited’s 50 MW Masyandi Bessi Hydroelectric Project.
The AGM also approved amendments to the company’s capital structure, granted necessary authorities to the board for regulatory matters, and authorized additional investment in API Holdings Company.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
