NRN Infrastructure and Development (NRN) calls AGM; When's the Book Closure for Dividend?

NRN Infrastructure and Development Limited (NRN) has called its 8th AGM on Magh 25, i.e. February 07. The AGM will be held in Akama Hotel, Sukedhara, Kathmandu. The meeting will commence at 11 am on that day.

Among other proposals, the company will endorse the dividend for the fiscal year 2076/77. The company has declared a 3% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Poush 16 has decided to distribute 2.85% of the paid-up capital as bonus shares and 0.15% in cash dividend. While the bonus shares are worth 3,22,814 units, the cash dividend worth Rs. 16,99,021 is for tax purposes. This is the company's first dividend after being public and enlistment in NEPSE. After a successful IPO issue, NRN had made its debut on the Nepalese trading floor on August 26, 2020.

Furthermore, six board members will be elected from promoters and three from the public/ ordinary investors.

The book closure date is announced on Magh 12. Thus, investors maintained before that day are entitled to the dividend and can also attend the AGM.

AGM notice