Api Power Company Unveils Book Closure Date for its 9.4737% Dividend; Calls AGM on Kartik 1

Api Power Company Limited (API) has called its 21st AGM on 1st Kartik, 2081. The meeting will be held in Hotel Crystal Pashupati, Gaushala, Kathmandu, starting at 11 am that day.

Among other proposals, the AGM will endorse a 9.4737% dividend for the fiscal year 2080/81. The 4th meeting of the board of directors held on Bhadra 07 has proposed a 9.4737% dividend for the fiscal year 2080/81. A 9% bonus shares and 0.4737% cash dividend (including tax) has been proposed. The paid-up capital of the company is Rs. 5.78 Arba.

Furthermore, an agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2080/81 appoint an auditor for the fiscal year 2081/82, and elect five directors from the promoter shareholding group including one woman director and one independent director.

Also, the agenda includes investing in Api Infra Limited Company, a wholly-owned subsidiary, funding Latinath Power Company Limited for a 9.7 Megawatt hydropower project, supporting Darchula Power Company Limited for the 28.3 Megawatt Madhya Chameliya Hydropower Project, and seeking approval for an investment in Shree Suryakunda Hydro Electric Limited Company for the Upper Tadi Khola hydroelectric project.

The book closure for the proposed dividend and AGM is on 16th Ashwin, 2081. Therefore, the shareholders maintained till 15th Ashwin are entitled to dividend payout and can attend the AGM.

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