NRN Infrastructure and Development Proposes 5.2632% Dividend, And 100% Right Shares

NRN Infrastructure and Development Limited (NRN) has called its 12th AGM on Poush 12, 2081. The meeting will be held in Amrapali Banquet, Kathmandu, starting from 9:00 AM that day.

The meeting of the board of directors held on Mangsir 11 has proposed a 5% bonus shares worth Rs. 6.11 crores and 0.2632% cash dividend (for tax purposes) worth Rs. 32.18 lakhs for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 1.22 Arba.

There is also an agenda to issue rights shares at a ratio of 1: 1 after the distribution of bonus shares.

The book closure date is from Mangsir 21. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM.