Hathway Investments Announces Annual General Meeting and Dividend!
Hey Nepal stock market enthusiasts! Exciting news from Hathway Investment Nepal Limited! The company has announced its 17th Annual General Meeting (AGM), scheduled for Wednesday, August 25th, at 10:00 AM. The meeting will be held at the Amrapali Banquet in Kathmandu.
This year, Hathway Investments is proposing a generous dividend payout for the fiscal year 2081/82. Shareholders will be pleased to know that a total of 12.632% dividend is being proposed. This includes a 12% bonus shares and a 0.632% cash dividend for tax purposes. This is a great opportunity for investors to grow their investment portfolio!
Currently, Hathway Investments boasts a paid-up capital of NPR 1.41 billion. For those keen on attending the AGM and receiving the dividend, the company has set a book close date of August 13th. This means that shareholders registered in NEPSE as of August 12th will be eligible to receive the dividend and participate in the AGM. Keep this important book close date in mind for your share trading activities! Don’t miss the deadline!
What to Expect at the AGM
The AGM will cover several key items, including the presentation of the Chairman’s annual report and the approval of financial statements for the fiscal year 2081/82. Furthermore, the meeting will also address the appointment of auditors for the fiscal year 2082/83.
Key proposals at the AGM will include:
- Election of 4 directors.
- Approval of the appointment of an independent director.
- Distribution of bonus shares worth NPR 169.8 million.
- Amendment of the company’s articles of association and regulations.
The board of directors will also be granted the authority to make necessary adjustments to the articles of association and regulations if required by regulatory bodies. This demonstrates the company’s commitment to compliance and good corporate governance.
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