Api Power Company Limited Proposes 10.5% Bonus Shares for FY 2077/78; Calls AGM to Also Endorse 1: 0.3936 Rights Offering

Api Power Company Limited has called its 18th AGM on 25th Bhadra, 2078. The meeting will be streamed live from the central office in Thapathali, Kathmandu, starting at 11 am that day.

Among other proposals, the AGM will endorse 10.5% bonus shares for the fiscal year 2077/78. Furthermore, the board has also proposed a 1: 0.3936 rights offering on the paid-up capital maintained after the adjustment of bonus shares. The paid-up capital after bonus adjustment will be Rs. 275.89 crores.

Bhadra 18 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Bhadra 18 to Bhadra 24.

AGM notice