Kathmandu. Today is the last day to secure the dividend of Sikles Hydropower and ICFC Finance.
Sikles Hydropower Limited has decided to close the book on December 3 and ICFC Finance on December 3 for dividend and AGM. As the public holiday falls on December 1, the shareholders who are in power will be eligible to receive the dividend of ICFC Finance and attend the meeting.
Sikles Hydropower in fiscal year 2080. 81 and 2081. The 20th and 21st Annual General Meetings of the 82 Chapters have been called on December 12. The meeting will begin at 11:00 am at the Abhya Club in Gharipatan, Pokhara, Kaski.
The AGM will endorse a proposal of distributing 15.789 percent dividend to its shareholders from the accumulated profit of both fiscal years. Out of this, 15 percent will have bonus shares worth Rs 12.75 crore and cash dividend of Rs 6,710,526.32 for tax purposes.
The AGM will also endorse the proposal of issuing 100% right shares in the ratio of 1:1 of the paid-up capital to be maintained after the bonus share distribution. For this purpose, the Assembly will endorse another special proposal to amend the Regulations and Memorandum of Association.
The meeting will also endorse a proposal to give authority to the Board of Directors to carry out the necessary process in the regulatory bodies while issuing the right shares. The meeting will also elect a new board of directors.
The meeting will approve the annual report and the auditor’s report for both the fiscal years. Current fiscal year 2082. 83. The meeting shall pass a resolution relating to the appointment of the auditor and determination of his/her remuneration.
Similarly, ICFC Finance has called its 22nd Annual General Meeting (AGM) on December 12. The assembly will begin at 10:00 am at Bouddha Heritage Site in Pipalbot, Kathmandu.
The meeting held the last fiscal year 2081. The government will pass cash dividend (including tax purposes) on the current paid-up capital of the company.
The AGM will approve and approve the financial statements including profit and loss, account, cash flow and other details of the last fiscal year. The meeting will also endorse the proposal of delegating authority to the Board of Directors to amend the Memorandum of Association and Articles of Association and appointing auditors.
