Api Power Company Ltd Announces 5.2632% Dividend Including Bonus and Cash

Api Power Company Ltd has announced dividends to its shareholders from the accumulated profits of the previous fiscal year. The company’s board of directors, in its meeting held on Monday, decided to distribute a total dividend of 5.2632 percent, which includes 5 percent bonus shares and 0.2632 percent cash dividend for tax purposes based on the existing paid-up capital.

To approve the proposed dividend, the company has called its 22nd Annual General Meeting (AGM) on Poush 29. The AGM will be held at Karki Banquet, Babarmahal, Kathmandu, starting at 11:00 AM. For dividend distribution and AGM participation purposes, the company has decided to close its books on Poush 18. Accordingly, only shareholders who hold shares till Poush 17 as per NEPSE records will be eligible to receive the dividend and attend the AGM.