Four listed companies, including hydropower and manufacturing firms, are holding their Annual General Meetings (AGMs) today, Poush 27, to discuss dividends, right share issuance, financial reports, and key corporate decisions.
Several companies listed on the Nepal Stock Exchange (NEPSE) are conducting their Annual General Meetings today, Sunday, Poush 27. These include United IDI Mardi and RB Hydropower Limited, Eastern Hydropower Limited, Madhya Bhotekoshi Hydropower Company Limited, and Sagar Distillery Limited, each with distinct agendas covering dividends, right share issuance, auditor appointments, and approval of financial statements.
United IDI Mardi and RB Hydropower Limited is holding its 16th Annual General Meeting today at Abhya Club in Pokhara, Kaski, starting from 11:00 AM. As per the proposal of the Board of Directors, the company will approve the distribution of a 5 percent bonus share and 0.26 percent cash dividend (for tax purposes) to shareholders from the accumulated profit of the previous fiscal year. The AGM will also approve the annual report, auditor’s report, balance sheet, profit and loss account, and cash flow statement of the last fiscal year.
In addition, the meeting will appoint an auditor for the current fiscal year and determine their remuneration, nominate directors to vacant board positions, approve necessary amendments to the Memorandum of Association and Articles of Association, and authorize the Board of Directors to implement such changes. For AGM and dividend purposes, the company had already closed its share register (book closure) on Poush 18, making shareholders registered with NEPSE as of Poush 17 eligible to attend the meeting and receive dividends.
Eastern Hydropower Limited is holding its 9th Annual General Meeting today at Hotel Hardik, Bagbazar, Kathmandu, starting at 11:00 AM. The AGM will pass a special proposal to issue right shares in a 1:1 ratio. The meeting will also discuss and approve the annual report of fiscal year 2081/82, along with the auditor’s report, balance sheet, profit and loss account, and cash flow statement.
Furthermore, the AGM will approve the appointment of an auditor and fix their remuneration, amend the Memorandum of Association, and elect directors to the Board, including five directors from the promoter group, one from the public group, and one independent director. For AGM purposes, the company had implemented a one-day book closure on Poush 20, allowing only shareholders recorded as of Poush 19 to participate.
Madhya Bhotekoshi Hydropower Company Limited is conducting its 13th and 14th Annual General Meetings today at Kundalini Durbar Banquet, Chandal, Kathmandu, starting at 11:00 AM. The AGM will discuss and approve the annual reports for fiscal years 2080/81 and 2081/82, along with the auditor’s report, balance sheet, income and expenditure statement, and cash flow statement up to Ashadh end.
The meeting will also approve the current fiscal year’s auditor, appoint an auditor for fiscal year 2082/83 and determine their remuneration, and endorse special proposals related to financial assistance provided to various organizations. For AGM purposes, the company had closed its book on Poush 16, making shareholders registered as of Poush 15 eligible to attend.
Sagar Distillery Limited is holding its 3rd Annual General Meeting today at Ila Resort, Gaindakot, Nawalpur, starting at 9:30 AM. The AGM will discuss and approve the annual report for fiscal year 2081/82 presented by the Chairman on behalf of the Board of Directors. It will also approve the auditor’s report, balance sheet up to Ashadh end 2082, and the profit and loss account and cash flow statement for fiscal year 2081/82.
Additionally, the meeting will appoint an auditor for fiscal year 2082/83 and fix their remuneration, elect two public shareholders’ directors, and approve the appointment of one director. For AGM purposes, the company had implemented a one-day book closure on Poush 14, under which shareholders registered as of Poush 19 are eligible to participate in the meeting.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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