Mandu Hydropower has proposed distributing dividends to its shareholders for two fiscal years at the same time.
Mandu Hydropower has announced dividends for the fiscal years 2081/82 and 2082/83. A meeting of company board of directors held on Wednesday made this decision to distribute the profits accumulated over these years.
Dividend Details for Both Fiscal Years
For the fiscal year 2082/83, the company proposed a 12 percent cash dividend. This is calculated from the current paid-up capital of Rs. 1 arba 36 crore 36 lakh 37 thousand. The total cash dividend amount is Rs. 16 crore 36 lakh 36 thousand 440, which also includes the tax amount.
For the fiscal year 2081/82, the board decided to distributing a 10.5263 percent total dividend. This includes 10 percent bonus shares and 0.5263 percent cash dividend, which is meant for covering tax purposes of the bonus shares.
AGM Called for Approval
To approve the proposed dividends, the company has called its joint 14th and 15th Annual General Meeting on Bhadra 17. The meeting will start at 10 AM at Nepa Banquet, which is located in Nayabazar, Kathmandu. The dividends will be distributed to shareholders after the AGM approves them.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
