Himalayan Distillery and Siddhartha Bank Holding AGM Today, Dividend Proposals on the Table

Kartik 30, Kathmandu — Two major listed companies, Himalayan Distillery Limited and Siddhartha Bank Limited, are holding their annual general meetings (AGM) today. Both companies are set to endorse their respective dividend proposals from the profit of fiscal year 2080/81, making the meetings highly significant for shareholders.

Himalayan Distillery’s 25th Annual General Meeting

Himalayan Distillery is convening its 25th AGM at 10 AM today at the company’s registered office in Lipnibirta, Birgunj, Parsa. The company will present a proposal to distribute 20 percent bonus shares and 5 percent cash dividend (including tax) from its profit of the last fiscal year.

The meeting will also table the Board of Directors’ annual report, audited financial statements including balance sheet and profit–loss account, and the proposal for appointment and remuneration of the auditor for the upcoming fiscal year.

For dividend distribution, the company had set Kartik 20 as the book-close date. Accordingly, shareholders registered until Kartik 19 are eligible to receive the proposed bonus and cash dividends.

Siddhartha Bank’s AGM Also Today

Siddhartha Bank Limited is holding its AGM today at 10 AM at the Army Officers’ Club, Bhadrakali, Kathmandu.

The bank will propose a combined dividend of 5 percent bonus shares and 5.53 percent cash dividend (including tax adjustment). In addition, the AGM will discuss amendments to the bank’s Memorandum and Articles of Association, authorize the Board to make necessary changes, appoint new directors, approve corporate social responsibility (CSR) expenditures, and appoint an auditor for the upcoming fiscal year.

The bank had already completed its book-close on Kartik 17. Thus, shareholders whose names were registered until Kartik 16 are eligible to attend the AGM and claim the proposed dividends.