Universal Power Company Limited (UPCL) has announced its Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080. The meeting is set to take place at the Company Register’s Office in Tripureshwor, Kathmandu, starting at 12:15 pm.
The proposed agendas for the AGM include the endorsement of the company’s annual report and the approval of auditor’s reports for the fiscal years 2075/76, 2076/77, 2077/78, and 2078/79. These reports encompass Profit and Loss (PNL) statements, financial reports, and cash flow reports. Another agenda item is the appointment of an auditor and the determination of their remuneration for the fiscal year 2079/80.
Furthermore, the AGM seeks to endorse a 0.45% cash dividend (including tax) and 8.55% bonus shares. It is important to note that the book closure date is the 18th of Poush. Consequently, only shareholders maintained till Poush 17 are eligible for the dividend payout and are entitled to attend this AGM.
In summary, the AGM will cover various crucial aspects of UPCL’s financial standing and governance, providing an opportunity for eligible shareholders to participate and make informed decisions.