Nepal Hydro and Electric Company to hold its 13th AGM today ; Endorsement of 10% dividend to be passed in the meeting
Thu, May 31, 2018 12:50 AM on AGM/Special AGM, Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Hydro and Electric Limited has recalled its 13th AGM to be held on Jestha 17, 2075 i.e today. The meeting will be held in Company’s registered office, Butwal at 10:00 AM. The hydropower company had called its meeting on Jestha 07, 2075 which was cancelled due to non-fulfillment of quorum.
The main agendas of the AGM are:
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To endorse 5% bonus shares from the profit of FY 2073/74 and 5 % cash dividend (for tax purpose)
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To restructure the promoter's structure as per the ratio presented by Butwal Power Company Limited (BPCL)
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To discuss regarding the loan limit
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To amend the Memorandum of the company.
Other agendas of the AGM include endorsement of financial highlights of the FY 2073/74 and appointment of the auditors and the Board of Directors.
