Kathmandu. Today is the last day to secure dividend of Kamana Sewa Bikas Bank and Universal Power Company.
Both of them are closing the book on September 8 for the purpose of dividend and AGM. This means that shareholders who remain in power as of September 7 will be eligible to receive dividends and participate in the meeting.
Kamana Sewa Bikas Bank is organizing its 19th Annual General Meeting (AGM) on October 10. The meeting will begin at 11:00 am at Lisara Reception in Naxal, Kathmandu.
The meeting held the last fiscal year 2081. The company will approve a total dividend of 15.7895 per cent of the current paid-up capital of Rs 3.51 billion from the distributable profit of Rs 82. Out of this, 10 per cent has bonus shares worth Rs 351,1084,619.54 and cash dividend (including tax) of Rs 20,32,60,440.48.
The meeting will also endorse a proposal to amend the Memorandum of Association of the bank to increase the issued and paid-up capital after the distribution of bonus shares. The AGM shall pass another special resolution empowering the Board of Directors to make any changes or additions to the Memorandum of Association and Articles of Association of the Bank, if directed by the regulatory bodies.
The AGM will elect 3 directors from promoter group and 3 directors from general group. The meeting will approve the annual report and the auditor’s report of the previous fiscal year. Current fiscal year 2082. 83. The meeting shall approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.
Similarly, Universal Power Company has called its annual general meeting on October 7. The assembly will begin at 10:00 am at Durbar Restro Hotel and Party Venue, Tikhedewal, Lalitpur.
The meeting held the last fiscal year 2081. The meeting will endorse a proposal of distributing dividend of 9.4737 percent of the current paid-up capital for the current fiscal year. This includes 9 percent bonus shares and 0.4737 percent cash dividend for tax purposes.
The AGM will also endorse a special proposal of issuing 1:1 right shares of 100 percent of the paid-up capital to be maintained after the dividend distribution.
Fiscal year 2079. 80 to FY 2081. The annual report submitted by the Chairman on behalf of the Board of Directors up to 81 years will be approved. The meeting shall also approve the report of the auditor for that period.
The meeting held the current fiscal year 2082. 83. The meeting shall approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration. The meeting shall approve the appointment of an independent director.
