Arun Valley Hydropower Development Company Limited (AHPC) has declared its 23rd AGM on Poush 08, i.e. December 23. Because of the Covid-19 pandemic, the AGM will be streamed online, starting from 11 am that day.
Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. Arun Valley Hydropower Development Company Limited (AHPC) has proposed a 5.263% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Mangsir 14 has proposed 5% bonus shares and 0.263% cash dividend (for tax purposes) for the fiscal year 2076/77.
Furthermore, the AGM will endorse the issue of right shares in the ratio 1:0.5. Note that the right shares will be issued on the paid-up capital maintained after bonus share adjustment. This has to be endorsed by the company's upcoming 23rd AGM.
This is the first phase issue of the 1:1 right shares issue that Arun Valley Hydropower Development Company Limited has already passed via its 21st AGM. This capital will be invested in the Kabeli-B1 Cascade Hydropower Project.
The book closure for the dividend and AGM has been declared on Mangsir 26. Thus, investors maintained before Mangsir 26 are entitled to the dividend and can also attend the AGM. Books will be closed from Mangsir 26 to Poush 02.