Kathmandu. The 11th Annual General Meeting (AGM) of Super Mai Hydropower Company Limited is scheduled to be held on March 30. The meeting will be held at the Lisra reception at 11 a.m.
The AGM will hold discussions on and approve the annual report of the FY 2081/82 to be presented by the Chairman on behalf of the Board of Directors, the audit report for the fiscal year 2081/82 (2081/82), the statement of profit or loss and the statement of cash flow.
According to Section 111 of the Companies Act, 2063, the meeting will appoint an auditor for the fiscal year 2082/83 and determine his remuneration. The meeting will also approve a proposal recommending the re-appointment of Chartered Accountants as auditors at the same remuneration.
The AGM will approve the directors nominated by the Board of Directors and appoint the vacant directors and approve the proposal of distributing cash dividend of Rs. 59,27,9777789 for tax purposes as recommended by the Board of Directors.
The AGM will endorse the proposal of distributing 20 percent bonus shares and 1:1 right share of the paid-up capital of the company as recommended by the Board of Directors.
The meeting will pass a proposal to amend Section 6 (a) (b) (c) of the Memorandum of Association and authorize the Board of Directors to amend the Clause 6 (a) (b) (c) of the Memorandum of Association and to amend the structure of the capital and issue bonus and right shares, if any.
The company has decided to cancel the issue of shares for one day on February 27 for the purpose of AGM and dividend distribution. Only the shareholders of the Nepal Stock Exchange (NEPSE) as on February 25 will be eligible to participate in the AMALGAM and receive the dividend.
