NRN Infrastructure and Development Calls AGM on Poush 12 to Endorse 5.2632% Dividend

NRN Infrastructure and Development Limited (NRN) has called its 12th AGM on Poush 12, 2081. The meeting will be held in Amrapali Banquet, Kathmandu, starting from 9 AM that day.

Among the other agendas, the AGM will endorse a 5.2632% dividend for the fiscal year 2080/81. The meeting of the board of directors held on Mangsir 11 has proposed a 5% bonus shares worth Rs. 6.11 crores and 0.2632% cash dividend (for tax purposes) worth Rs. 32.18 lakhs for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 1.22 Arba. There is also an agenda to issue rights shares at a ratio of 1: 1 after the distribution of bonus shares.

Furthermore, there is also an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2081/82. There is an agenda to elect 6 directors from promoter shareholding groups including one female director.

And, there is also an agenda to increase the current and paid-up capital of the company and identify suitable companies for merger or acquisition, conduct due diligence, and authorize the Board of Directors to finalize all necessary procedures related to the merger or acquisition.

Mangsir 21 is the book closure date. Thus, shareholders maintained before that are entitled to the dividend payout and can also attend the AGM.

AGM Notice: