Nepal Warehousing Company Limited, through a meeting of its Board of Directors held on Poush 24, has decided to convene its seventh Annual General Meeting (AGM) on Falgun 1. The AGM will be held at 2:00 PM at Hotel Shrestha Residency Pvt. Ltd., located in Jitpursimara–2, Bara.
The company has stated that it will not propose or distribute any form of dividend to shareholders for the previous fiscal year. During the AGM, shareholders will consider and approve the Board of Directors’ annual report, the auditor’s report, and key financial statements, including the balance sheet, profit and loss account, and cash flow statement of the last fiscal year.
In addition, the AGM will approve the appointment of an auditor for the current fiscal year and determine their remuneration. The meeting will also discuss and pass proposals related to amending the company’s Memorandum of Association to add new objectives, as well as granting authority to the Board of Directors to make necessary amendments to the Memorandum of Association and Articles of Association, if required.
For AGM purposes, the company has announced a one-day book closure on Magh 22. Based on this book closure, only shareholders who are registered with the Nepal Stock Exchange (NEPSE) as of Magh 21 will be eligible to attend and participate in the AGM.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
