Supermai Hydropower Limited’s Board of Directors, in its meeting held on Magh 20, decided to convene the company’s 11th Annual General Meeting (AGM) on Falgun 17 at Lisara Reception Pvt. Ltd., Naxal, Kathmandu, starting at 10:00 AM. The AGM will consider the board’s recommendation to distribute 20% bonus shares from the company’s paid-up capital. To cover the tax liabilities arising from the bonus shares, the board has also proposed distributing Rs 59,27,977 as cash dividend. In addition, the company will seek shareholder approval for a rights issue at a 1:1 ratio based on the current paid-up capital.
The AGM agenda includes discussion and approval of the company’s annual reports for the last fiscal year, including financial statements, audit reports, balance sheet, profit and loss account, and cash flow statement. The shareholders will also decide on the appointment of auditors for the current fiscal year and determination of their remuneration. Furthermore, the AGM will approve directors appointed to fill vacant positions by the board. The board has proposed amendments to Articles 6(a), 6(b), and 6(c) of the company’s Articles of Association to reflect changes in the capital structure and has requested authorization to make necessary adjustments based on regulatory guidance concerning bonus shares, rights issue, and capital restructuring.
For the purpose of AGM participation and dividend distribution, the company has declared Falgun 13 as the book closure date. Shareholders listed in NEPSE records by Falgun 12 will be eligible to attend the AGM and receive the proposed dividend.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
