Ridi Power Company Calls AGM on 29th Magh To Endorse 42.1% Dividend; When's the Book Closure?

Ridi Power Company Limited (RIDI) has called its 21st AGM on 29th Magh, 2079. The meeting will be held in Indreni Complex, New Baneshwor, Kathmandu, starting at 11 AM.

Among the other agendas, the AGM will endorse a 42.1% dividend for the fiscal year 2078/79. The company's meeting of the board held on 6th Mangsir 2079 proposed a 42.1% dividend from the paid-up capital. The paid-up capital of the company stands at Rs. 1.10 Arba. 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) worth Rs 2,32,33,518 have been proposed.

Furthermore, there is 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 2079/80. Also, the meeting will approve the decision made from the special general meeting of the Former Ridi Hydropower Development Company Limited and Former Rairang Hydropower Development Company Limited after the merger, to appoint an independent director for the next 4-year term. The meeting will also discuss regarding the company's loan guarantee for the Tallo Balefi Khola Project.

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