Kathmandu. Muktinath Agriculture Company for the fiscal year 2081. The company has declared a dividend for 82 years.
The meeting of the Board of Directors of the company has decided to distribute 8.42 percent dividend out of the current paid-up capital of the current fiscal year. Out of this, 8 percent will have bonus shares worth Rs 55.99 million and cash dividend of 0.42 percent for tax purposes.
The company has called its 7th Annual General Meeting (AGM) on November 9 to approve the proposed dividend. If the meeting does not approve it, the investors will get the dividend.
The AGM will also endorse a special resolution on the issuance of 60 percent right shares of Rs 755.99 million after the bonus share distribution. The meeting will approve the annual report and the auditor’s report for the fiscal year and approve the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
The company has decided to close the book on November 30 for the purpose of dividend and annual general meeting. This means that shareholders who have been held before November 30 will be eligible to receive the dividend and participate in the meeting.
