Nepal Bitumin and Barrel Udhyog’s 27th, 28th and 29th AGM today; to endorse 25% right shares

Nepal Bitumin and Barrel Udhyog Limited (NBBU) is conducting its three consecutive Annual General Meeting on Baisakh 25, 2075 i.e. today. The AGM is going to be held at Hotel Pauwa, (6, Children Park, Bhairahawa, Rupandehi) at 8:30 AM.

The main agendas of the AGM are:

• To endorse the decision of increasing the authorized capital, issued capital and paid-up capital.
• To endorse 4:1 (25%) right shares of paid-up capital.
• To increase the working area of the company.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
• To increase the meeting allowance of the Board of Directors.

Other agendas of the AGM include endorsement of financial statements and annual report of the FY 2073/74 and appointment of the auditor for the FY 2074/745.

The book closure date for the AGM had been set on Chaitra 7, 2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till Chaitra 6, 2074 are entitled for proposed dividends and for participation in the AGM.

The current paid up capital of the company is Rs 5.50 crore and the worth of proposed right share is Rs 1.3750 crore. After the issue of the proposed right share the capital of the company would stand at Rs 6.875 crore.