Ridge Line Energy Dividend: Today Is the Last Day to Secure Eligibility
Today, Ashoj 22, is the final day for shareholders to secure eligibility for Ridge Line Energy’s 10.52% cash dividend and AGM participation.
Ridge Line Energy Limited (RLEL) has announced that Ashoj 22, Thursday, is the last day to secure eligibility for its proposed dividend and upcoming Annual General Meeting (AGM). The company will close its books for one day on Ashoj 23 for the AGM and dividend distribution purposes. Accordingly, investors holding the company’s shares through today’s trading session will be eligible to participate in the AGM and receive the proposed dividend. The company has scheduled its 5th Annual General Meeting for Kartik 17 at 10:00 AM at Kupondole Banquet Private Limited, Lalitpur Metropolitan City-1, Kupondole, Lalitpur. The AGM will seek approval for a 10.52% cash dividend, including tax, amounting to Rs. 12.47 crore. In addition to the dividend proposal, the AGM will consider the approval of a corporate guarantee provided to Rastriya Banijya Bank for the loan of Dudh Pokhari Chepe Hydropower. It will also discuss the transfer or sale of the electricity generation survey license of the 12.504 MW Maiwa Khola Hydropower Project, election of one director representing the general shareholders, appointment of the auditor, and other proposals.