Bikas Hydropower Limited is going to hold its fifth annual general meeting to approve the distribution of a 10 percent bonus share to its shareholders from the fiscal year 2082/83 profit.
The company scheduled the fifth annual general meeting for Ashoj 29, Thursday. The meeting will take place at Hotel Smart Durbar Pvt. Ltd., Dhumbarahi, Kathmandu, starting at 9:30 AM.
Proposed Dividends
During the meeting, the company will present a special proposal to distribute a 10 percent bonus share. This is based on the current paid-up capital of 90 crore 91 lakh 1 thousand 300 rupees, which amounts to 9 crore 9 lakh 10 thousand 130 rupees. Additionally, the company will propose a cash dividend of 0.5263 percent of the paid-up capital, equal to 47 lakh 84 thousand 600 rupees and 14 paisa, to cover taxes on the bonus shares.
Other Meeting Agendas
The meeting will discuss increasing the company’s authorized, issued, and paid-up capital after the bonus share issuance. There is also a plan for amending the company’s memorandum and articles of association. The board of directors will receive authorization to make necessary adjustments if regulatory bodies provide any suggestions. Other standard agenda items include approving the financial statements and auditor’s report for the fiscal year 2082/83, appointing an auditor and fixing their pay, approving board decisions, and accepting the corporate governance report.
Book Close Date
For the purpose of the general meeting, the company has decided to close its shareholder registration book for one day on Ashoj 19, Monday. Shareholders who have their names registered in the NEPSE system until Ashoj 16 will be eligible to participate in the meeting and receive 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.
