Mandakini Hydropower Unveils Book Closure Date for its 5.26% Dividend; Calls AGM on Mangsir 07 With Agenda to Issue Right Shares

Mandakini Hydropower Limited (MHL) has called its 11th AGM on 7th Mangsir, 2081. The meeting will be held in Nepali Chulo, Lazimpat, Kathmandu, starting at 8 AM that day.

Among the other agendas, the AGM will endorse a 5.2632% dividend for the fiscal year 2080/81. The meeting of the board of directors held on Ashwin 9 has proposed a 5% bonus shares and 0.2632% cash dividend for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 61.59 Crores.

Furthermore, there is an agenda to endorse the auditor's report along with the profit and loss statements, financial reports, and cash flow reports, and to appoint an auditor for the fiscal year 2081/82.

There is also an agenda to issue rights shares at a ratio of 1: 1.25 after the distribution of bonus shares. This initiative aims to support the construction of the Upper Sardi Khola Hydropower Project, which has a capacity of 2.9 MW, as well as to invest in Dolphin Power Pvt. Ltd. and repay bank loans, among other purposes.

In addition, the company intends to relocate its registered office and make necessary amendments to Clause 2 of the Memorandum of Association and Rule 2 of the Articles of Association. To support its growth, the company will also increase its capital, which will require amendments to Clause 6 (a) and (b) of the Memorandum of Association. The investment already made in Dolphin Power Pvt. Ltd. will be formally approved, and provisions will be made for further investment in the company.

The book closure date is from Kartik 28. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM.

AGM Notice