Reminder! Last Day to Clinch Dividend Proposed by Api Power Company and Upakar Laghubitta
Wed, Feb 15, 2023 8:08 AM on Dividend, Bonus & Rights, AGM/Special AGM, Book Closure, Latest,
Today is the last day to grab dividends proposed by Api Power Company Limited (API), and Upakar Laghubitta Bittiya Sanstha Limited (ULBSL).
Api Power Company Limited (API) has called its 19th AGM on 14th Falgun, 2079. The meeting will be held in Baneshwor Banquet, Thapagaun, Kathmandu, starting at 11 am that day.
Among other proposals, the AGM will endorse a 7.8947% dividend for the fiscal year 2078/79. The board of directors meeting on Poush 21 decided to distribute the dividend on the paid-up capital. 7.5% bonus shares and 0.3947% cash dividend (including tax) have been proposed. The paid-up capital of the company is Rs. 384.49 crores.
Similarly, Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has called its 4th AGM on Falgun 18, 2079. The meeting will be held in Gavar Valley, Baijnath Gaonpalika-1, Banke.
Among the other agendas, the AGM will endorse a 65% dividend for the fiscal year 2078/79. The board of directors meeting on Magh 13 decided to distribute the dividend on the paid-up capital of Rs. 6.56 crores. 61.75% bonus shares and 3.25% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 4.05 crores and the cash dividend is worth a little over Rs. 21.32 lakhs.
The book closure date for both companies is on Falgun 04. Thus, shareholders maintained till today are entitled to the dividend payout and can also attend respective AGMs.