Kathmandu. Courage Energy has convened its 12th Annual General Meeting.
The meeting of the Board of Directors of the company held on Thursday afternoon decided to hold the AGM on December 9. The meeting will be held at Karki Banquet in Babarmahal, Kathmandu from 11 am.
The meeting held the last fiscal year 2081. The board of directors has approved a total dividend of 22.11 percent out of the current paid-up capital of Rs 3.78 billion. This includes 21 percent bonus shares and 1.11 percent cash dividend for tax purposes.
The AGM will also endorse a special proposal of issuing 100% right shares of Rs 4.57 billion in the ratio of 1:1. For this, the Assembly will approve another special proposal to amend the Memorandum of Association and Regulations.
The meeting shall pass a proposal authorizing the Board of Directors to make any amendment or addition, if any, received from the regulatory bodies while amending the Memorandum of Association and the Articles of Association.
The meeting will approve the annual report of the last fiscal year and also pass a proposal for 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 20 for the purpose of dividend and AGM. This means that only shareholders who have been in possession before November 5 will be eligible to receive dividends and attend meetings.
