Chilime Hydropower 19th AGM on Poush 24; To approve 15% stock & 12% cash dividend

Chilime Hydropower Company Limited (CHCL) will be convening its 19^thAnnual General Meeting (AGM) on Poush 24, 2072. The AGM will be held at Nepal Police Club, Kathmandu. Main agendas of the AGM are:

• To endorse 15 percent bonus shares and 12 percent cash dividend including for tax purpose from the net profit it earned from the fiscal year 2071/72.
• After distribution of bonus share to increase authorized capital up to Rs 3arba 15 crore and issued capital up to Rs 3 arba 14 crore.
• To consolidated shareholders group in B and C into one group and amend the article of association accordingly.
• To elect two BOD member from group C.

Other main agendas of the AGM include financial highlights of 2071/72. Appointment of auditor and endorse the help provided to earthquake victims. Only those shareholders owning shares till Poush 2 will be entitled to the dividend of the company. The register of their shareholders will remain close from Poush 3, 2072 till Poush 24, 2072 for the purpose of its upcoming (AGM). At present Chilime Hydropowr has a paid up capital of Rs 2.72 arba. After the issuance of 15% bonus shares, its paid up capital will reach to Rs3.12arba. Chilime Hydropower had earned net profit of Rs. 31.78 crore infirst quarterof the fiscal year 2072/73.