Hulas Steels Industries Calls AGM With Agenda to Discuss Right Issuance And Dividend Proposal

Hulas Steel Industries Limited has called its 42nd AGM on 9th Falgun, 2080. The meeting will be held in the Company's Register Office, Golchha House, Ganabahal Kathmandu, starting at 12:30 PM.

These are the agendas of the AGM:

General Agendas:

1) Endorsement of the annual report of the company
2) Endorse the auditor's report for 2079/80 with PNL statements, financial reports, and cash flow reports.
3) To approve the dividend as proposed by the Board of Directors.
4) Approve funds allocated for corporate social responsibility.
5) Submitting reports and summaries under section 78 of the Companies Act.
6) To determine the remuneration of the directors.
7) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.

Special Agendas:

1) Issuance of right shares at 100:22.18.
2) Previous year dividend amount of Foreign investors to be re-invested in the company as right shares.
3) To increase the issued capital of the company to Rs. 2.01 Arba within the limit of authorized capital.
4) After the issuance of the proposed right shares, the paid-up capital of the company will be Rs. 94.30 crore, and amend clause 5(c) of the memorandum of association.
5) Authorizing the board of directors for any textual/linguistic changes regarding the amendment of the clause.
6) Miscellaneous.

The book closure date is on Falgun 4. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM Notice: