Synergy Power Completes 19th AGM, Approves Dividend and Elects New Directors

Kathmandu — Synergy Power Development Limited has successfully concluded its 19th Annual General Meeting (AGM), bringing an end to a prolonged period of uncertainty surrounding the company’s annual disclosures and board election process. The company informed the Nepal Stock Exchange that the meeting approved key financial agenda items, including dividends and the election of directors.

According to the company, the AGM process had faced multiple disruptions. The meeting originally scheduled for December 28, 2025 (Poush 28, 2082) was postponed due to the lack of a quorum. A rescheduled meeting on January 8, 2026 (Magh 8, 2082) was again suspended before commencement following what the company described as unruly and inappropriate behavior by a group of shareholders. The AGM was finally convened and completed following a decision taken at the board’s 174th meeting held on January 11, 2026.

The AGM approved the annual report, auditor’s report, and audited financial statements for fiscal year 2024/25 (FY 2081/82). Shareholders also appointed S Upreti & Associates as the statutory auditor for the current fiscal year 2025/26 (FY 2082/83), authorizing the firm to conduct the company’s audit in line with prevailing regulatory requirements.

A key outcome of the meeting was the approval of a 10.5263 percent dividend proposed by the board of directors. The dividend approval is seen as an important signal to investors, particularly after delays in the AGM raised concerns over governance stability and compliance timelines.

The AGM also completed the election of four directors in accordance with the company’s amended bylaws. Shareholders elected Indra Bahadur Bapa, Surendra Bahadur K.C. (Khadka Chhetri), Pratik Raj Adhikari, and Niru K.C. Karki to the board. With the election finalized, the company is expected to restore full functionality to its board and accelerate pending strategic and operational decisions.

Market observers note that the completion of the AGM and board election carries broader significance beyond routine corporate compliance. After repeated postponements and visible shareholder tensions, the successful conclusion of the meeting is expected to improve confidence in the company’s governance framework and regulatory standing.

With the AGM now concluded and key resolutions approved, Synergy Power is expected to refocus on operational performance and regulatory compliance. Analysts say timely disclosure, effective board coordination, and clear communication with shareholders will be critical for rebuilding trust and maintaining investor confidence going forward.