Kathmandu. Universal Power Company has declared a dividend.
The company is in the last fiscal year 2081. The company has decided to distribute a total dividend of 9.4737 percent of the current paid-up capital for the company. This includes 9 percent bonus shares and 0.4737 percent cash dividend for tax purposes.
The company has called its annual general meeting (AGM) on October 7 to approve the dividend. The assembly will begin at 10:00 am at Durbar Restro Hotel and Party Venue, Tikhedewal, Lalitpur.
The shareholders will get the dividend after the meeting approves the dividend. 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.
The company has decided to close the book on September 22 for the purpose of dividend and AGM. This means that only the shareholders who have been in the company before September 8 will be eligible to receive the dividend and participate in the meeting.
