Api Power Company Unveils Book Closure Date for its 5.2632% Dividend; Calls AGM on Mangsir 18

Api Power Company Limited (API) has called its 23rd AGM on 18th Mangsir, 2083. The meeting will be held at Karki Banquet, Babarmahal, Kathmandu, starting at 11 am that day.

Among other proposals, the AGM will endorse a 5.2632% dividend for the fiscal year 2082/83. The meeting of the board of directors held on Kartik 18 has proposed a 5.2632% dividend for the fiscal year 2082/83. A 5% bonus share of Rs. 31.89 crore and a 0.2632% cash dividend (including tax) worth Rs.1. 67 crore has been proposed. The paid-up capital of the company is Rs. 6.37 Arba.

Furthermore, the agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2082/83, appoint an auditor for the fiscal year 2083/84, and to approve the appointment of the board of directors in the vacant post.

In addition, the company will also propose to issue a 30% rights share based on the paid-up capital after the distribution of bonus shares. 

The book closure for the proposed dividend and AGM is on 8th Mangsir, 2083. Therefore, shareholders who have maintained their shares until 15th Ashwin are entitled to dividend payout and can attend the AGM.