20th AGM of Arun Valley Hydropower today; to endorse 10% bonus shares

Arun Valley Hydropower Development Company Limited (AHPC) is convening its 20^th Annual General Meeting (AGM) today (Bhadra 30, 2074). The AGM is being held at Staff College, Jawalakhel, Lalitpur at 11:00 AM. The main agendas of the AGM are:

• To endorse 10% bonus shares and 0.526% cash dividends (for tax purpose) to its shareholders.
• To present major financial highlights of the FY 2073/74.
• To appoint auditor for the FY 2074/75.
• To conduct election of Board of Directors.

The book closure date was set on Bhadra 9 to Bhadra 15, 2074. But only those shareholders holding shares ahead of the book close date are eligible for proposed dividends and participation in AGM. AHPC is first company to call for AGM of FY 2073/74. The paid up capital of AHPC will become Rs 93.30 crore. Last year, AHPC had distributed 10 percent bonus shares to its shareholders from the net profit it earned in the FY 2072/73. AHPC has earned net profit of Rs 8.95 crore in the fourth quarter of the last fiscal year 2073/74 as per unaudited report. AHPC will be issuing 31.57 lakh unit shares as FPO at Rs 301 per share but this decision is subjected to approval from SEBON. AHPC has very good investment in many hydropower companies like RHPC, API, AKPL, etc. It has consistently providing good return to their shareholders, since its inception.