CEDB Hydropower Development Company Limited (CHDC) has scheduled its Annual General Meeting (AGM) for Ashwin 21, 2081, to be held at Kalimati Banquet, Kalimati, Kathmandu, starting at 10:00 AM.
One of the key agendas for the AGM is to endorse an 11% dividend for the fiscal year 2080/81. The Board of Directors meeting held on Bhadra 29 proposed the distribution of 11% bonus shares on the company’s paid-up capital of Rs. 93.17 Crore, which amounts to Rs. 10.24 Crore in bonus shares.
In addition, the AGM will seek approval for the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. An auditor will also be appointed for FY 2081/82, and the appointment of independent directors will be considered.
Furthermore, CHDC has resolved to issue 54.5% right shares worth Rs. 56.36 Crore, following the allocation of 11% bonus shares. After adjusting for this, the paid-up capital will increase from Rs. 93.17 Crore to Rs. 1.03 Arba.
The book closure date is set for Ashwin 7, meaning shareholders listed before this date will be eligible for the dividend payout and can participate in the AGM.
