People’s Energy Limited has officially announced its 8th Annual General Meeting (AGM) for the Fiscal Year 2080/081. The company has invited all its shareholders to participate in the meeting, which will be held in both physical and virtual formats.

AGM Schedule Details

Agenda of the AGM

Ordinary Resolutions

1. Discussion and approval of the Board’s Annual Report for FY 2080/081.
2. Review and approval of the audited financial statements of FY 2080/081.
3. Appointment of an auditor for FY 2081/082 and determination of their remuneration.
4. Discussion regarding the issuance of ordinary shares (IPO).
5. Approval of key decisions made by the Board of Directors.
6. Election of a new Board of Directors.
7. Discussion on service benefits for Board members.

Special Resolutions

1. Approval for additional loan financing under co-financing for ongoing projects.
2. Authorization to amend the company’s Memorandum and Articles of Association as per regulatory requirements.
3. Miscellaneous matters.

Important Information for Shareholders

1. Attendance Book: The attendance book will remain open from 9:00 AM until the end of the meeting.
2. Institutional Shareholders: If an organization is a shareholder, the representative attending must bring an authorization letter.
3. Individual Shareholders Appointing Proxies:
   • Shareholders wishing to appoint a proxy must submit the signed proxy form to the company’s office at least 72 hours before the meeting, by 2082/03/21 at 10:00 AM.
   • Only one proxy can be appointed per shareholder; divided proxy rights will be invalid.
4. Mandatory ID Verification: All attendees are required to present valid identification.
5. Further Information: For more details, shareholders can contact the company’s office directly.

Conclusion

People’s Energy Limited encourages all its shareholders to actively participate in the upcoming AGM to help shape the future direction of the company. Whether attending in person or online, shareholders are reminded to follow the guidelines and submit required documents on time.

Notice: People’s Energy Limited’s 8th Annual General Meeting (AGM)

Sagarmatha Lumbini Insurance Company Limited (SALICO) has scheduled its 28th Annual General Meeting (AGM) on Baishakh 28, 2082 (May 11, 2025). The meeting will take place at Ranimahal Banquet Pvt. Ltd., Gyaneshwar, Kathmandu, starting at 10:00 AM. 

15% Cash Dividend Approved for FY 2080/81

During its 34th Board Meeting on Chaitra 28, SALICO’s board proposed a 15% cash dividend from its paid-up capital of Rs. 2.62 Arba, totaling Rs. 39.33 crore (including taxes). This proposal will be finalized during the AGM. Shareholders registered before Baishakh 17, 2082 (April 30, 2025) are eligible for the dividend and can vote on this agenda.

Key Agendas of the SALICO 28th AGM

1. Financial Approvals:

   • Approval of the Board’s Annual Report for FY 2080/81.
   • Endorsement of audited financial statements, profit/loss accounts, cash flow reports, and schedules as of Ashad 2081.
   • Appointment of an auditor for FY 2081/82 and approval of their remuneration. Current auditor J.B. Rajbhandari & Associates (Dibins) may be reappointed.

2. Special Proposals:

   • Review of meeting allowances and facilities for the Board and sub-committees.
   • Approval of corporate social responsibility (CSR) payments made to various organizations.
   • Amendments to the company’s Memorandum and Articles of Association based on regulatory guidelines.

Book Closure and Eligibility

The book closure date is set for Baishakh 17, 2082. Only shareholders registered by this date can claim dividends or attend the AGM. Ensure your details are updated with SALICO to avoid missing out.

Why Attend the SALICO 28th AGM?

This AGM is crucial for shareholders to:

• Vote on dividend distribution.
• Review the company’s financial health.
• Influence decisions on governance and CSR activities.

Notice: SALICO 28th AGM 2082

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

1. 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.
2. 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.
3. 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.
4. 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.