Shareholders on record by today to receive dividends from Supermai Paints and Arun Valley
Super Mai Paints Industries and Arun Valley Hydropower Development Company will close their books tomorrow, so only shareholders on record by today, Ashoj 12, will be eligible for dividends and to attend the annual general meetings. The two companies have proposed 10 percent bonus and 5.263 percent dividend, respectively.
Kathmandu. Today, Ashoj 12, is the last day to secure dividends of Super Mai Paints Industries and Arun Valley Hydropower Development Company.
Both companies are closing their books tomorrow, Ashoj 13, for the purpose of dividends and annual general meetings. This means only shareholders on record by today, Ashoj 12, will be eligible to receive dividends and participate in the meetings of both companies.
Super Mai Paints has decided to hold its fifth annual general meeting on Ashoj 25. The meeting will begin at 1 PM at Hotel Jungle Spa in Godawari, Attariya, Kailali.
The meeting will pass a proposal to distribute bonus shares worth Rs 34 million, which is 10 percent of the current paid-up capital of Rs 340 million, for the fiscal year 2082/83. The meeting will also approve the cash dividend of Rs 1,789,474 set aside by the company for tax purposes on the bonus shares.
Similarly, Arun Valley Hydropower has also decided to hold its 29th annual general meeting on Ashoj 27 to pass this dividend. The meeting will pass a proposal to distribute a total dividend of 5.263 percent from the profit of the last fiscal year and accumulated profit on the current paid-up capital of Rs 4,040,403,150. This includes 5 percent bonus shares and 0.263 percent cash dividend for tax purposes.