In Response to Rising Risk of Covid-19, AGM of These Companies Will Now Be Conducted Virtually

Tue, Jan 11, 2022 12:06 PM on Latest, AGM/Special AGM,

In response to rising cases of Covid-19, the government has prohibited public gatherings of more than 25 individuals. As such, the following companies have issued their respective notice informing shareholders that their pre-planned AGM will be carried out virtually. While only these companies have issued the notice, it is safe to assume that all of the upcoming AGMs will have to be attended virtually if the pandemic scenario shows no sign of improving soon.

Bottlers Nepal Terai Limited (BNT) and Bottlers Nepal Limited (BNL) have both called their respective AGM on 28th Poush, 2078. This is the 35th AGM of BNT and 43rd AGM of BNL.

These are the agendas of BNT's AGM:

1) Endorsement of financial reports for the fiscal year 2077/78.
2) Endorsement of annual reports presented by the chairman.
3) Appointment of auditor for the fiscal year 2078/79 and approval of their compensation.
4) Appointment of an independent director.
5) Misc.

Meanwhile, these are the agendas of BNL's AGM:

1) Endorsement of the annual report for the fiscal year 2077/78.
2) Endorsement of compensation and other allowances of the Managing Director.
3) Appointment of an independent director and a director from the public shareholders.
4) Appointment of auditor for the fiscal year 2078/79 and approval of their compensation.
5) Misc.

Poush 21 is the book closure date for both the AGMs. Thus, shareholders maintained before that day can attend the AGM of the respective companies.

Siddhartha Bank Limited (SBL) has called its 20th AGM on 30th Poush, 2078.

Among other agendas, the AGM will endorse a 15% dividend for the fiscal year 2077/78. The 381st meeting of the board of directors held on Kartik 7 decided to distribute the dividend on the paid-up capital of Rs. 10.96 Arba. 14.25% bonus shares worth Rs 1.56 Arba and 0.75% cash dividend (for bonus shares tax purpose) worth Rs 8.22 crore have been proposed.

Poush 18 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

Panchakanya Mai Hydropower Limited (PMHPL) has also called its 4th, 5th & 6th AGM on 28th Poush, 2078.

These are the agendas of the AGM:

1) Endorsement of financial reports for the fiscal year 2075/76 and further.
2) Endorsement of annual reports presented by the chairman.
2) Appointment of auditor for the fiscal year 2078/79 and approval of their compensation.
3) Election/ Nomination of 4 members (female included) from the promoters.

Poush 20 is the book closure date. Thus, investors maintained before that day can attend the AGM.