Kathmandu. Api Power Company for the financial year 2081. The company has declared a dividend for 82 years.

The meeting of the Board of Directors of the company held on Monday has decided to distribute 5.2632% dividend out of the current paid up capital of the company. Out of this, 5 percent is bonus share and 0.2632 percent is for tax purposes.

After the bonus share distribution, the company has decided to distribute 1.0.30 percent of the paid-up capital i.e. 191.39 crores.

The company has called its 22nd annual general meeting on January 12 to endorse both the decisions. The meeting will begin at 11:00 am at Karki Banquet in Babarmahal, Kathmandu.

The AGM will endorse a special proposal to delegate authority to the Board of Directors to carry out necessary functions from the regulatory body to issue bonus shares and right shares. The AGM will also endorse the approval of the self-capital investment made so far in the company and another special proposal granting authority to the Board of Directors to make additional self-capital investment.

The meeting will approve the annual report and the auditor’s report of the previous fiscal year. The meeting will also endorse the proposal regarding the appointment of the auditor and determination of his/her remuneration for the current fiscal year.

The company has decided to close the book on January 18 for the purpose of dividend and meeting. This means that only the shareholders who have been held before January 18 will be eligible to receive the dividend and participate in the meeting.