Kathmandu. Hathway Investment Nepal has revised the date of its 17th Annual General Meeting (AGM).
Earlier, the Board of Directors of the company had decided to hold the AGM on September 8. However, due to the current difficult situation in the country, the board of directors of the company has now decided to hold the meeting on September 14. The meeting will begin at 10:00 am at Amrapali Banquet in Kathmandu.
The meeting had proposed the board of directors of the company for the fiscal year 2081. The company will approve a total dividend of 12.632% of its current paid-up capital from the distributable profit of the company. This includes 12 percent bonus share and 0.632 percent cash dividend.
The meeting will endorse a special proposal to amend the Memorandum of Association and Articles of Association by increasing the officer, issued and paid-up capital of the company. The meeting shall pass another special resolution to make any changes or modifications while amending the Memorandum of Association and Articles of Association from the regulatory body.
The meeting will approve the annual report and the auditor’s report of the previous fiscal year. Current fiscal year 2082. The meeting will also endorse a proposal regarding the appointment of an auditor for Province 83 and determination of his/her remuneration.
The AGM will elect 4 Directors to the Board of Directors on behalf of Group ‘A’ shareholders. The meeting shall approve the appointment of an independent director to represent the vacant post of an independent director.
The company has already closed its book on August 27 for the Annual General Meeting. This means that only shareholders who have been held before August 13 are eligible to receive the dividend and participate in the meeting.
