Ridi Hydropower (RHPC) has an annual general meeting to approve a dividend and discuss a merger or acquisition.
The Ridi Hydropower Development Company Limited has scheduled its 20th Annual General Meeting for the 12th of Kartik, 2078. The meeting will take place in the company’s central office in Thapathali, Kathmandu, and will begin at 11 a.m. on the scheduled day of the meeting.
The AGM will also approve the 12.6 percent dividend for the fiscal year 2077/78, among other items on the agenda. The dividend is intended to be paid in cash in its entirety. This sum also includes the amount of tax that was charged on the dividend income. It should be noted that the cash dividend is given based on the par value of a share. As a result, the 12.6 percent cash dividend will be paid out from the Rs. 100 par value per share, regardless of the stock price at the time of distribution.
A merger or acquisition of Rairang Hydropower Development Company is also on the plan, as is the establishment of a new company.
The closing date for the book is Kartik 02 (February 2). As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are also welcome to attend the AGM.