United Modi Hydropower Limited has announced its 12th Annual General Meeting (AGM), which is scheduled for Baisakh 27, 2083, at 11:00 AM at Kalimati Banquet, Kathmandu. The company will propose a 7.36842% dividend for the fiscal year 2081/82, consisting of 7% bonus shares and 0.36842% cash dividend for tax purposes.
The AGM agenda includes authorizing the board to distribute the proposed dividend and granting the board authority to issue rights shares post-dividend, subject to regulatory approval. Shareholders will also consider amendments to the company’s memorandum and articles of association to allow United Modi Hydropower to act as a holding company and invest in other firms. The board will have the authority to incorporate any regulatory guidance or recommendations into these amendments and will be empowered to identify and invest in eligible sectors.
Other key items on the AGM agenda include the election of two board members, approval of the annual report and auditor’s report for the previous fiscal year, and appointment and determination of auditor remuneration for the current fiscal year.
For dividend distribution and AGM participation, the company has declared Baisakh 4, 2083, as the book closure date. Only shareholders registered as of this date will be eligible to receive the dividend.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
