Snow Rivers Limited has announced its dividend distribution proposal alongside the date for its upcoming fifth Annual General Meeting and book closure.
Snow Rivers Limited is going to hold its fifth Annual General Meeting (AGM) on Ashoj 21. According to the decision made by the company’s board of directors meeting held on Bhadra 29, the assembly will start from 8:30 AM at Lisara Receptions Private Limited, Bhagawati Bahal, Naxal, Kathmandu.
Details on Proposed Dividend
In the meeting, the company will present proposal to distribute 10 percent bonus shares from the profit of fiscal year 2082/83. This bonus share is based on the current paid-up capital of Rs 93 crore 75 lakh. This means company will distribute 9 lakh 37 thousand 500 units of bonus shares, which is worth Rs 9 crore 37 lakh 50 thousand.
Along with the bonus shares, the company has also proposed 0.5263 percent cash dividend for tax purpose. This cash dividend is worth Rs 49 lakh 34 thousand 62 rupees and 50 paisa. The company also announced that it has already received prior approval from Electricity Regulatory Commission for distributing these bonus shares.
AGM and Book Close Information
For the purpose of holding this AGM, the company decided to close its shareholder registration book for one day on Ashoj 8. Because of this, only those shareholders who traded and got shares registered in their name till Ashoj 7 will be eligible to attend AGM and get the proposed bonus shares.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
