Ridi Hydropower (RHPC) Calls AGM to Endorse Dividend and Discuss Merger/ Acquisition; When's the Book Closure?

Ridi Hydropower Development Company Limited has called its 20th AGM on 12th Kartik, 2078. The meeting will be held in the company's central office in Thapathali, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse the 12.6% dividend for the fiscal year 2077/78. The entirety of the dividend is proposed in cash. This amount also includes the tax amount levied on the dividend. Note that the cash dividend is distributed on a share's par value. Thus, the 12.6% cash dividend will be distributed from Rs. 100 par value per share, irrespective of the stock price.

Furthermore, there is also an agenda regarding the merger/ acquisition of Rairang Hydropower Development Company.

Kartik 02 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.

AGM notice