Today, Ashoj 12, is the final day for shareholders to purchase stocks of Shine Resunga Development Bank, Sarbottam Paints, and Arun Valley Hydropower to become eligible for their upcoming dividend payouts and annual general meetings.
These three companies have set tomorrow, Ashoj 13, as the book closure date. This means that anyone holding shares in the Nepal Stock Exchange (NEPSE) by the end of today will be registered to participate in their respective annual general meetings and receive the proposed dividends.
Shine Resunga Development Bank
The bank has scheduled its 18th annual general meeting for Ashoj 28, Wednesday. It will be held at Hotel Saffron C.K. Pvt. Ltd. in Butwal, Rupandehi, starting at 11:30 AM. The bank is planning to propose a 6 percent bonus share along with a 10 percent cash dividend specifically for tax purposes on the bonus shares. Other agenda items include giving the board of directors authority to amend the memorandum and articles of association and appointing an auditor for the company.
Sarbottam Paints
Sarbottam Paints will hold its fifth annual general meeting on Ashoj 25, Sunday. The event is set for 1:00 PM at Hotel Jungle Spa Pvt. Ltd. located in Godawari, Attariya, Kailali. The company proposed to distributing 10 percent bonus shares and 0.5263 percent cash dividend for tax on those bonuses. They are also looking to select three directors from the founder group and one from the general public, besides giving the board permission for document amendments.
Arun Valley Hydropower
The 29th annual general meeting of Arun Valley Hydropower is happening on Ashoj 27, Tuesday. The meeting starts at 10:00 AM at Hotel Crystal Pashupati in Gaushala, Kathmandu. They are proposing a 5 percent bonus share and a 0.263 percent cash dividend for tax purposes. During the meeting, they will discuss giving corporate guarantee for projects built by their subsidiary company, appointing auditors, and changing company bylaws.
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.
