Snow Rivers Limited Calls AGM; Proposes 10.5263% Dividend To Its Shareholders

Snow Rivers Limited (SNORL) has called its 5th AGM on 21st Ashwin, 2083. The meeting will be held at Lisara Receptions, Naxal, Kathmandu, starting at 8:30 AM that day.

These are the agendas of the AGM:

1) Endorsement of financial reports for the fiscal year 2082/83.
2) Endorse the auditor's report with PL statements, financial reports, and cash flow reports.
3) Endorse the appointment of the auditor for the fiscal year 2083/84.
4) To endorse the 10% bonus shares worth Rs. 9.375 Crores and 0.5263% cash dividend (including tax) from the paid-up capital. The paid-up capital of the company is Rs. 93.75 Crores.
5) To review and increase the meeting allowance of the members of the Board of Directors.
6) To approve the decision of the Board of Directors dated 2082/10/26 regarding acceptance of a Loan Against IPO facility from NMB Bank Limited.
7) To approve the decisions made by the Board of Directors regarding equity investments in various hydropower projects/companies.
8) To elect one director to represent the public shareholders’ group for the upcoming tenure.

Ashwin 08 is the book closure date. Thus, shareholders maintained before that day are eligible to attend this AGM.