Chilime Hydro-Power Company Announced General Meeting with a Dividend Proposal

Kathmandu : Chilime Hydropower Company Limited has called for the 27th Annual General Meeting. The 423rd meeting of the board of directors of the company held on 8th of December has called the  general meeting on Friday, 5th of January at National Auditorium, Bhrikutimandap Kathmandu at 11 am.

The company’s meeting will pass the proposal of 10% bonus shares and 5% cash dividend including tax purposes of the current paid-up capital (7 billion 258 Million 179 thousand Rupees) from last year’s profit. The meeting will pass the annual report of the board of directors and the auditor’s report for the previous year. Similarly, the appointment and remuneration of auditors for the current year shall be fixed.

Similarly, the agenda of the assembly is to facilitate the members of the board of directors, election of two independent directors, election of 4 directors including one woman representing the general public.

The company has decided for the book close on 24th of December for the purpose of general meeting and dividend. In other words, shareholders who have been transacted in NEPSE till 23rd of December will be eligible to participate in the meeting and receive cash dividends.