Bhagawati Hydropower and Sanima Bank Hold Their Annual General Meetings Today

Today, Kartik 2 (Sunday), two major institutions — Bhagawati Hydropower Development Company Limited and Sanima Bank Limited — are holding their respective Annual General Meetings (AGMs).

Bhagawati Hydropower’s 25th AGM is being held today at Aabya Club, Gharipatan, Pokhara, starting from 11:00 AM.
The meeting will endorse the proposal to distribute 14% bonus shares and 6% cash dividend (including tax) from the profit of the fiscal year 2081/82.

Additionally, the meeting will discuss and approve the Board of Directors’ annual report, auditor’s report, balance sheet, profit and loss account, and cash flow statement. It will also appoint an auditor for the fiscal year 2082/83 and determine remuneration.
For this purpose, the company had announced a book closure on Ashoj 21, making shareholders who held shares till Ashoj 20 eligible for dividends and AGM participation.

Sanima Bank’s 21st AGM is taking place today at Amrapali Banquet, Bhatbhateni, Kathmandu, starting from 10:00 AM.
The meeting will approve the distribution of a 7.3685% cash dividend (including tax) from the profit of FY 2081/82.

In addition, the AGM will approve the issuance of 8.25% Sanima non-convertible debenture (irredeemable preference shares) worth NPR 2 billion (at NPR 100 per share).
The meeting will also discuss and pass the annual report, auditor’s report, balance sheet, profit and loss statement, and consolidated financial report of Sanima Capital and Sanima Securities.
For this purpose, Sanima Bank had closed its book on Ashoj 27, making shareholders who held shares till Ashoj 26 eligible for dividends.