Api Power to convene AGM on Chaitra 07; Book Closure on Chaitra 01, 2076

Api Power Company (API) will be convening its 16th AGM on Chaitra 07, 2076 Friday at Karki Banquet, Maitighar, Kathmandu from 11 Am onwards.

The Board Meeting held on Falgun 12, 2076 has decided on the following agendas for the meeting:

• Approval of the annual report to be presented by the chairman for FY 2075/76.
• Approval of the audited financial reports of FY 2075/76.
• Appointment of the auditor for FY 2076/77 and determination of the remuneration.
• Approval of 5% bonus shares from the profit of FY 2075/76.
• Informing about the approval of 47% right shares (1:0.46765) worth Rs 56.7 crore from the current paid-up capital of Rs 119.07 crore.
• Approval of 91% right shares (1:0.9096) worth Rs 165.3 crore from the paid-up capital of Rs 181.72 crore (After adjusting 5% bonus ad 47% right shares).
• Creating provision for preference share by amending AOA in order to encourage investment from abroad.

The book closure is on Chaitra 01, 2076. Therefore, shareholders maintained on the book on Falgun 29, Thursday will be eligible to participate in AGM and claim the dividend.