KATHMANDU: The Butwal Power Company Limited (BPCL) has scheduled its 31st Annual General Meeting (AGM) on January 14, 2024.
Among the various items on the agenda, the AGM will seek approval for a 5% cash dividend for the fiscal year 2079/80.
A decision to distribute this dividend, based on the paid-up capital of Rs. 3.4 Arba, was made during the board of directors’ meeting on Mangsir 29.
The AGM is also scheduled to address matters such as endorsing the auditor’s report, including profit and loss statements, financial reports, and cash flow reports.
The appointment of an auditor for the fiscal year 2080/81 will also be considered.
Furthermore, the meeting will deliberate on the board of directors’ proposal to issue 1 Crore units of Follow-on Public Offering (FPO) shares at a par value of Rs. 100.
The current paid-up capital stands at Rs. 3.40 Arba, and following the FPO issuance, it is projected to increase to Rs. 4.40 Arba.
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