Mountain Energy's dividend declaration, AGM on November 20
Kathmandu. Mountain Energy Nepal Limited is going to distribute a total of 21.0526 percent dividend to its shareholders from the profit of the last financial year. The company has proposed to distribute 20 percent bonus shares of the current paid-up capital and 1.0526 percent cash dividend for tax purposes on bonus shares. The meeting of the board of directors of the company held on October 26, the dividend [...]
Executive Summary & Core Takeaways
- The company has called the 13th Annual General Meeting on October 20th to pass the proposed dividend.
- The meeting will also pass a resolution to authorize the board of directors to amend the articles of association and regulations, to elect five directors and to appoint an auditor.
- In the meeting which will start at 10:30 in the morning at Amrapali Banquet, Catering and Events in Bhatbhateni, Kathmandu, various agendas including passing of the dividend proposal will be discussed.
Kathmandu. Mountain Energy Nepal Limited is going to distribute a total of 21.0526 percent dividend to its shareholders from the profit of the last financial year.
The company has proposed to distribute 20 percent bonus shares of the current paid-up capital and 1.0526 percent cash dividend for tax purposes on bonus shares.
The meeting of the board of directors of the company held on October 26 decided to distribute the dividend. The company has called the 13th Annual General Meeting on October 20th to pass the proposed dividend.
In the meeting which will start at 10:30 in the morning at Amrapali Banquet, Catering and Events in Bhatbhateni, Kathmandu, various agendas including passing of the dividend proposal will be discussed.
The meeting will also pass a resolution to authorize the board of directors to amend the articles of association and regulations, to elect five directors and to appoint an auditor.
Similarly, the company has decided to close the books on 10th October for the purpose of general meeting and dividend distribution. Only shareholders whose shares have been traded in NEPSE on the day before the book close date i.e. till 9th October can participate in the general meeting of the company and receive the proposed dividend.
All figures and disclosures cited in this dispatch are cross-verified against official documents, institutional releases, and primary verified sources.