Sikles Hydropower Declares 15% Bonus Shares and 0.78% Cash Dividend

Sikles Hydropower has proposed a 15% bonus share and 0.78% cash dividend from accumulated profits of the last two fiscal years.

Sikles Hydropower Company has announced a dividend distribution from the accumulated profits of the last two fiscal years. The decision was made during the Board of Directors’ meeting held on Shrawan 25. The company has proposed a 15% bonus share and a 0.78% cash dividend (for tax purposes) based on its current paid-up capital. After issuing the bonus shares, Sikles Hydropower also plans to issue 100% rights shares in a 1:1 ratio on the revised paid-up capital. The proposed dividend will be distributed to shareholders only after approval from the upcoming Annual General Meeting (AGM).

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