Kathmandu. Kalinchowk Darshan has called its 11th annual general meeting.
The Board of Directors of the company has decided to hold its 11th Annual General Meeting (AGM) on December 29. The meeting will begin at 11:30 am at the Badrinath Hotel in Pingalasthan, Kathmandu.
The Fiscal Year 2081. It will approve a total dividend of 5.0263 per cent proposed to be distributed to shareholders from the profits of 82. This includes 5 percent bonus shares and 0.263 percent cash dividend for tax purposes.
The AGM will also endorse a special proposal of issuing 100 percent right shares in the ratio of 1:1 of the paid-up capital that will be maintained after the distribution of bonus shares. The meeting will also endorse a proposal to authorize amendments to the Memorandum of Association and Articles of Association.
The meeting shall approve the annual report and the auditor’s report of the said fiscal year. The meeting will endorse the proposal regarding the appointment of the auditor and determination of his/her salary for the current fiscal year.
The company has decided to close the book on December 15 for dividend and assembly purposes. This means that only the shareholders who have been held before December 1 will be eligible to receive the dividend and participate in the meeting.
