Sanima Middle Tamor Hydropower Announces Annual General Meeting (AGM)!
Hello investors and shareholders! Get ready! Sanima Middle Tamor Hydropower Limited has just announced its 10th Annual General Meeting (AGM)! The AGM, a crucial event for investors in the Nepalese stock market, will be held on October 15th, 2024. The board of directors decided on this date during their meeting held on September 14th.
The location for the AGM is set to be the Kundalini Darbar Banquet in Kathmandu’s Chandol area, starting at 11:00 AM. This is a significant event for all shareholders as it allows them to stay updated on the company’s performance and future plans.
Unfortunately, this year, there’s no dividend announcement. The company will not be proposing a dividend distribution for this fiscal year.
What to Expect at the AGM
During the AGM, the company will present the 10th annual report prepared by the board of directors. Shareholders will have the opportunity to discuss and approve this report. The financial statements for the fiscal year 2081/82 (ending July 15, 2025), including the audited financial report, will also be presented and discussed. This includes details regarding the profit and loss, cash flow statements, and other financial schedules.
Furthermore, the AGM will also involve crucial decisions, such as:
- Appointment of Auditors: Based on the recommendations of the audit committee, the auditors for the fiscal year 2082/83 will be appointed, and their remuneration will be determined.
- Independent Director Appointment: The meeting will also decide on the appointment of an independent director.
Important Dates for Shareholders
Mark your calendars! The company has announced a book close date of October 10th, 2024. This means that only shareholders recorded in the company’s books as of October 9th, 2024, will be eligible to attend the AGM. If you are a Sanima Middle Tamor Hydropower shareholder, make sure your shares are in your account by this date.
Stay tuned for more updates and analysis on Sanima Middle Tamor Hydropower and other Nepalese hydropower companies here! Keep an eye on the stock market and make informed investment decisions!
