Super Madi Hydropower Limited has proposed distributing a 15% bonus share and a 0.78947% cash dividend for tax purposes to its shareholders from the profits of fiscal year 2082/83.
Dividend Details Revealed
Super Madi Hydropower Limited has proposed to give its shareholders 15 percent bonus shares and a 0.78947 percent cash dividend for tax needs. This proposal comes from the profits of the fiscal year 2082/83. A meeting of the company’s Board of Directors, held on Bhadra 8, made this decision. They decided to distribute bonus shares equal to 15 percent of the current paid-up capital, which amounts to Rs. 34 crore 72 lakh 87 thousand 500. The 0.78947 percent cash dividend is for covering the tax liability on these bonus shares.
Approval Process and Annual General Meeting
This proposed dividend will only be distribute to shareholders after it receives approval from the Electricity Regulatory Commission. Also, it needs to be passed by the company’s upcoming Annual General Meeting (AGM). To discuss and approve the dividend, the company has called its 17th Annual General Meeting on Ashoj 1, which is a Thursday. The meeting will take place at Hotel Imperial and is scheduled to begin at 11 AM.
Book Closure Information
For the purpose of participating in the AGM and getting the proposed dividend, the company will close its book on Bhadra 23. This means that shareholders who have their shares traded and registered on NEPSE until Bhadra 22 is eligible to attend the meeting and receive their dividend.
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.
