Arun Kabeli Power Limited Proposes 17.89% Dividend; Calls AGM to Also Endorse 1: 1 Rights Offering
Wed, Aug 18, 2021 10:31 AM on Dividend, Bonus & Rights, AGM/Special AGM, Book Closure, Latest,
Arun Kabeli Power Limited has called its 11th AGM on 26th Bhadra, 2078. The meeting will be held in the company's central office in Thapathali, Kathmandu, starting at 11 am that day.
Among other agendas, the AGM will endorse a 17.89% dividend for the fiscal year 2077/78. The board has proposed 17% in bonus shares and 0.89% in cash dividends for tax purposes. Furthermore, the AGM will also endorse the issuance of a 1: 1 right share on the paid-up capital maintained after bonus shares adjustment.
Bhadra 15 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 15 to Bhadra 25 that day. As of writing, AKPL has an LTP of Rs. 729 after gaining 10% yesterday.
