Sagarmatha Jalabhidyut: Book Closure on November 29th for 4th Annual General Meeting

Sagarmatha Jalabhidyut Company Limited (SMJC) has announced that its 4th Annual General Meeting will be held on Friday, 14th Mangsir 2081 (29th November 2024) at 9:00 AM in Kathmandu. The meeting will discuss and decide on various matters, including the approval of the annual report, financial statements, appointment of auditors, dividend distribution, and amendments to the company's documents.

Key Points:

• Venue: Smart Darbar, Shankhpark, Kathmandu.
• Date: 14th Mangsir 2081 (29th November 2024)
• Time: 9:00 AM

Proposed Agenda:

• Approval of the annual report, financial statements, and appointment of auditors.
• Approval of the proposal to distribute a dividend of 5% (4.75% bonus shares and 0.25% cash dividend for tax purposes) on the paid-up capital of  Rs. 1,120,000,000.00/-
• Approval of the increase in authorized capital, issued capital, and paid-up capital of the company due to the issuance of bonus shares.
• Approval of the amendment to the company's memorandum of Association and Articles of Association.
• Granting full authority to the Board of Directors to make necessary amendments and adjustments in response to any changes, suggestions, or directives received from regulatory authorities regarding the proposed amendments.
• Approval of investment in other companies.

Important Dates:

• 4th AGM Date: 14th Mangsir 2081 (29th November 2024)
• Book Closure Date:26th Kartik 2081 (11th November 2024)

Only shareholders whose shares are registered in the company's shareholder register as of  Kartik 25/2081 (10 November 2024) will be eligible to participate in the meeting and receive dividends.

About Sagarmatha Jalabhidiyut Company Ltd. (SMJC)

Sagarmatha Jalabhidyut Company Ltd. (SMJC) was founded in November 2015 in Kathmandu, Nepal, under the Company Act 2053 (Registration No. 111336/068/070). The Company was established to address the growing energy demand and eliminate load shedding caused by the growing energy demand and supply.

Key Information:

• Promoters Shares: 5,712,000 (51.00%)
• Public Shares: 5,488,000 (49.00%)
• Listed Shares: 11,200,000
• Total Paid-up Capital: RS. 1.120,000,000.00/-

(Updated on 12 Apr 2023)

• Last Trade Price: 578.40
• 52 week High: 800.00
• 52 week Low: 225.50
• Market Capitalization: 6,478,080,000.00

(As of Oct. 24, 2024)

• Net Worth Per Share: 109.55
• EPS: 4.84

(As of 4th quarter report for fiscal year:2080/81 Published on 14th August,2024)

Sagarmatha Jalabhidyut AGM: Book Closure Announced

Sagarmatha Jalabhidyut AGM: Book Closure Announced