Salt Trading Corporation Limited (STC) has announced that its 58th Annual General Meeting (AGM) will be held on 15th Chaitra, 2081, where several important agendas will be addressed, including the endorsement of a 10% dividend for shareholders from the profits of the fiscal year 2080/81.
The AGM will be held at the Tribhuvan Army Officers’ Club in Bhadrakali, Kathmandu, starting at 11:00 AM, and all shareholders are hereby informed and requested to attend.
Key Agendas of the AGM
1. General Proposals
- Discussion and approval of the Annual Report of the Board of Directors for the fiscal year 2080/2081.
- Discussion and approval of the Auditor’s Report, Financial Statements, Profit and Loss Account, Cash Flow Statement, Equity Change Statement, and Accounting Policies and Notes for the fiscal year 2080/2081.
- Appointment of the Auditor for the fiscal year 2081/2082 based on the recommendation of the Audit Committee, along with approval of their remuneration. (The current auditor, Mr. Kuber N. Bhattarai & Company, Chartered Accountants, is eligible for reappointment.)
- Approval of a cash dividend of 10% of the paid-up capital, amounting to Rs. 3,20,71,695.50 (Three Crore Twenty Lakh Seventy-One Thousand Six Hundred Ninety-Five Rupees and Fifty Paisa), inclusive of tax purposes.
2. Special Proposals
- Discussion and approval to obtain loan facilities as per Section 105 (1) (b) of the Company Act, 2063.
- Approval of the relief amount deposited in the Prime Minister’s Disaster Relief Fund for flood victims.
3. Miscellaneous
Book Closure Details
STC has set the book closure period from Chaitra 01 to Chaitra 15. Shareholders who are registered in the company’s records before this period will be:
- Eligible to receive the 10% cash dividend.
- Entitled to attend and vote at the 58th AGM.
Additional Information
- The Share Transfer Book of the corporation will remain closed from Chaitra 1, 2081, to Chaitra 15, 2081, for the 58th AGM. Shareholders whose names are registered in the Shareholder Register maintained by NIBL S Capital Limited, Lazimpat, Kathmandu, within seven working days after the last trading date (Chaitra 7, 2081) on the Nepal Stock Exchange Limited will be eligible to participate, discuss, and appoint representatives in the meeting.
- Shareholders who have dematerialized (D-MAT) their shares must provide their D-MAT account number and name, while those with physical shares must provide their shareholder number and name to participate in the meeting. The attendance register will open one hour before the meeting starts.
- Shareholders wishing to appoint a proxy must submit the proxy form to the corporation’s Central Office, Kathmandu, at least 48 hours before the meeting. The proxy form can be downloaded from the corporation’s website: www.stcnepal.com.
- For further information, shareholders may contact the Central Office, Kalimati, Kathmandu, at Phone Numbers: 5371014, and 5371208.
Notice: Salt Trading Corporation to Hold 58th AGM On 15th Chaitra
Conclusion
The 58th AGM of Salt Trading Corporation Limited (STC) is a significant event for shareholders, offering them the opportunity to approve a 10% cash dividend and discuss key financial matters. Shareholders are encouraged to ensure their eligibility by verifying their registration status before the book closure period.
This announcement reflects STC’s commitment to transparency and rewarding its shareholders for their trust and investment in the company.