United Idi Mardi and RB Hydropower Limited convened its 16th Annual General Meeting (AGM) today at Aavya Club, Gharipatan-17, Pokhara, Kaski, starting at 11:00 AM. The AGM is addressing crucial financial, managerial, and regulatory matters for the company’s shareholders.
One of the main highlights of the meeting is the dividend proposal. As recommended by the Board of Directors, the AGM seeks approval to distribute dividends from the fiscal year 2081/82:
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Bonus Shares: 5% of the company’s current paid-up capital, totaling approximately Rs. 2.30 crore.
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Cash Dividend: 0.26%, totaling approximately Rs. 11.98 lakh, allocated for tax purposes.
The proposed dividends reflect the company’s net profit of around Rs. 2.63 crore during the last fiscal year, demonstrating strong performance despite hydrology and energy evacuation challenges.
The AGM also reviews and approves the financial statements, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement, ensuring transparency and shareholder awareness of the 8.5 MW Upper Mardi Khola Hydropower Project’s operational and financial health.
Additionally, shareholders will consider the appointment of the auditor for FY 2082/83 and decide on remuneration, ensuring continued financial accountability and compliance with regulatory standards.
The meeting also includes board nominations, amendments to the Memorandum and Articles of Association, and granting authority to the Board to implement these changes.
The book closure for shareholder eligibility was on Poush 18, 2082, confirming only registered shareholders are entitled to attend the AGM and receive the proposed dividends.
The AGM serves as a key platform for shareholders to influence company governance, approve strategic financial decisions, and gain insight into the long-term management of the Upper Mardi Khola project.
As the 16th AGM unfolds in Pokhara, the outcomes are expected to strengthen investor confidence and shape the company’s corporate and financial roadmap for the coming year.
