API Power 14th AGM on Poush 30; endorsing 200% right & 8% bonus shares

API Power Company Limited (API) will be conducting its 14^th Annual General Meeting (AGM) on Poush 30, 2074). The AGM is being held at Karki Banquet, Babarmahal, Kathmandu at 1:00 PM. The main agendas of the AGM are:

• To endorse 8% bonus shares from the net profit of FY 2073/74.
• To endorse 200% right shares.
• To take authority from Board of Directors (BOD) for loan process.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of FY 2073/74, appointment of auditor and directors for the FY 2074/75. The book closure date for the AGM has been set from Poush 21,2074 to Poush 30, 2074. Thus, only those shareholders owning shares till Poush 20, 2074, i.e. ahead of the book closure date are eligible to participate in the AGM and proposed bonus shares. Separate book closure will be announced for right shares. Its current paid up capital stands at Rs 1.05 arba which will reach to Rs 3.41 arba after adjustment of bonus and right shares. It had posted net profit of Rs 1.65 crore in the first quarter of the FY 2074/75. Announcement: