Kathmandu. Highland Distillery has held its annual general meeting.
The meeting of the Board of Directors of the company has decided to hold the AGM on January 12. The meeting will begin at 11:00 am at the company’s registered office in Hattisar, Kathmandu.
The meeting held the last fiscal year 2081. The meeting will approve a total dividend of 26.3158% proposed to be distributed to the shareholders from the current paid-up capital out of the distributable profit of the company. This includes 25 percent bonus shares and cash dividend.
The meeting will pass another special proposal to amend the Memorandum of Association and Articles of Association accordingly as the issued and paid-up capital will increase after the distribution of bonus shares. The AGM will endorse a special proposal to authorize the Board of Directors to bring the IPO through the book building method or premium of the ordinary shares allotted to the general public.
The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal regarding the appointment of the auditor and the determination of his/her remuneration.
