Arun Valley Hydropower Development Company Calls AGM on Magh 27, Company To Construct 14.5 MW Budum Khola Hydroelectric Project
Tue, Jan 17, 2023 10:16 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Arun Valley Hydropower Development Company Limited (AHPC) has called its 25th AGM on 27th Magh, 2079. The meeting will be held in Maitri Hall, Indreni Complex, New Baneshwor, Kathmandu starting at 11 AM.
Among the other agendas, the AGM will endorse an 8.421% dividend worth Rs. 21.11 Crores for the fiscal year 2078/79. The board of directors meeting on Mangsir 16 decided to distribute the dividend on the paid-up capital of Rs. 1.72 Arba. 8% bonus shares and 0.421% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 13,83,67,600 and the cash dividend is worth a little over Rs. 72,81,595.
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, discuss regarding approval of the loan for the Budum Khola Hydroelectric Project (14.50 MW) to be constructed by Arun Valley Hydropower Development Company Limited
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.
