Ngadi Group Power Limited (NGPL) Proposes 10.526% Dividend; Calls AGM on Poush 28 to propose 30% Right shares issue

Ngadi Group Power Limited (NGPL) has called the company's 7th AGM on 28th Poush, i.e. January 12.

The meeting of the board of directors held on Poush 06 has decided to conduct the AGM in the office of the company registrar in Hanumansthan, Anamnagar, Kathmandu. The AGM will commence at 10 am that day.

The company has proposed a 10.526% dividend for the fiscal year 2076/77. 10% is proposed as bonus shares and 0.526% as a cash dividend. The AGM will endorse the proposal.

Furthermore, the 3rd AGM of the company had endorsed the issuance of 30% right shares. However, since the company hasn't issued the right shares yet, this AGM will catch up on the matter. The 7th AGM will propose the issuance of 30% right shares from the paid-up capital. This is the capital maintained after adjustment of the aforementioned 10% bonus shares.

The book closure is announced on Poush 15. Thus, investors maintained before that date are entitled to the dividend payout and can also attend the AGM.

Announcement