Arun Valley Hydropower Calls Annual General Meeting, Dividend Distribution Proposal to Be Passed

Arun Valley Hydropower Company has scheduled its Annual General Meeting (AGM) for Kartik 14 (October 30). The meeting will take place at Hotel Crystal Pashupati, Gaushala, Kathmandu, starting at 11 AM. The AGM will pass a proposal to distribute dividends to shareholders from the previous fiscal year's profit.

• AGM Date and Venue:

  • Date: Kartik 14 (October 30)

  • Venue: Hotel Crystal Pashupati, Gaushala, Kathmandu

  • Time: 11 AM

• Dividend Proposal:

  • The company will pass a proposal to distribute a 3% bonus share and a 0.157% cash dividend (including tax) to shareholders.

• Other Discussion Agendas:

  • Discussion on the Board of Directors' annual report, balance sheet, and profit and loss account.

  • Appointment and remuneration of auditors for the current fiscal year.

• Loan Agreement and Corporate Guarantee:

  • A proposal will be passed to provide a corporate guarantee for the loan agreement with banks and financial institutions for the construction of the Likhu Khola Hydropower Project.

  • A proposal to amend the company's Articles of Association and Memorandum of Association, authorizing the Board of Directors, will also be discussed.

• Book Closure Date:

  • The book closure date is set for Kartik 5 (October 21) for the purpose of the AGM.

  • Only shareholders who have traded on NEPSE by Kartik 6 (October 22) will be eligible to receive the dividend and participate in the AGM.

The AGM will pass important proposals, including dividend distribution, corporate guarantee, and other matters, which will play a crucial role in the company's future plans.