Ridge Line Energy has declared a 10.53 percent cash dividend for the fiscal year 2082/83 and is holding its annual general meeting on Kartik 17.
Dividend Announcement
The 122nd meeting of the company board of directors decided to give a 10.53 percent cash dividend to the shareholders. This amount is equal to 12 crore 47 lakh 36 thousand 842 rupees and 11 paisa, including taxes, based on the current paid-up capital of the company.
Annual General Meeting
To pass this dividend proposal, the company is calling for its fifth annual general meeting. The meeting will be held on Kartik 17, Tuesday at Kupandol Banquet in Kupandol, Lalitpur, starting at 10 AM. In this meeting, the company will approve the cash dividend and also elect one director to represent the public shareholders.
Important Approvals
During the meeting, the company will discuss approving the corporate guarantee provided to Rastriya Banijya Bank for the loan of Dudhpokhari Chepe Hydropower. Furthermore, the meeting will approve the sale and transfer of the electricity generation survey license for the 12.504 megawatt Maiwa Khola Hydropower project. The members also will approve the annual and auditor reports for the fiscal year 2082/83 and decide on the appointment and salary of the auditor for the current fiscal year 2083/84.
Book Close Date
For the purpose of the general meeting, the company has decided to close its share registration book on Asoj 23 for one day. Shareholders who have their names in the company records until Asoj 22 can participate in the annual meeting and get the proposed dividend.
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.
