Kathmandu. The 17th Annual General Meeting (AGM) of Prabhu Capital is scheduled to be held on October 15. The meeting will be held at Royal Singi Hotel Kamaladi at 9:00 am. A meeting of the Board of Directors of Capital held on September 29 decided the date of the meeting.
On behalf of the board of directors, the meeting will discuss and approve the report of the board of directors for the fiscal year 2081/82 to be presented by the chairman, along with the auditor’s report, prabhu capital limited’s balance sheet for the fiscal year 2081/82 and the profit and loss account for the same period, cash flow statement and other related schedules.
The meeting will discuss and pass a proposal regarding the auditor for the financial year 2081/82 and to appoint an auditor for the financial year 2082/83 and determine his remuneration for the financial year 2082/83 in accordance with Section 111 of the Companies Act 2063.
The meeting will discuss and pass the proposal to distribute cash dividend (including for tax purposes on bonus shares and cash dividends) of 8.6316 percent of the current paid-up capital out of the total 12.6316 percent to be distributed to the shareholders from the financial statements of the fiscal year 2081/82 as proposed by the Board of Directors.
The Assembly will approve the appointment of directors and independent directors and approve the expenses incurred under the Corporate Social Responsibility.
The meeting will discuss and pass a proposal to distribute bonus shares equivalent to 4 percent of the current paid-up capital in the fiscal year 2081/82 AS proposed by the Board of Directors. The meeting will discuss and pass the proposal regarding increase in authorized, issued and paid-up capital of Capital due to distribution of bonus shares.
The meeting will pass various resolutions including making special proposals regarding making necessary amendments in the company’s management letter and regulations, authorizing the board of directors to amend and amend the management letter or regulations in accordance with the instructions received from the regulatory body or office on the amendment to the management letter and regulations.
