Kathmandu. United Modi Hydropower Limited (MPHL) has called its 12th Annual General Meeting (AGM).
The AGM will begin at 11:00 am at the Kalimati Banquet in Kalimati, Kathmandu.
The Fiscal Year 2081. The company will approve a total dividend of 7.36,842 per cent out of the current paid-up capital of Rs 1.23 billion. This includes 7 percent bonus shares and 0.36842 percent cash dividend for tax purposes.
The meeting will endorse a special proposal authorizing the Board of Directors of the company to obtain approval and approval from the regulatory bodies to issue right shares after the distribution of dividends. The meeting will also endorse another special proposal to change the name of the company to develop it as a holding company and to amend the Memorandum of Association and Articles of Association accordingly to facilitate investment in other companies.
The meeting will endorse a special proposal authorizing the Board of Directors to incorporate the directives and suggestions received from the regulatory bodies while amending the Memorandum of Association and Articles of Association. The meeting will endorse a proposal to authorize the Board of Directors if other investable areas are to be identified and invested.
The meeting will elect two directors. The meeting will approve the annual report of the last fiscal year and also approve the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
The company has decided to close the book on April 18 for the purpose of dividend distribution and meeting. This means that only shareholders who have been held before April 4 will be eligible to receive the dividend.
