Mid Solu Hydropower Limited has proposed distributing 15 percent bonus shares and 0.789 percent cash dividend to its shareholders from the profits of fiscal year 2082/83.
The board of directors meeting of Mid Solu Hydropower held on Monday, Ashwin 5, 2083, made decision to distribute this dividend. However, shareholders will get this proposed dividend only after the approval from Electricity Regulation Commission and company’s upcoming fifth Annual General Meeting.
Details of the Proposed Dividend
Right now, the paid-up capital of the company is Rs. 86 crore 6 lakh and 60 thousand. Out of this total capital, 15 percent bonus shares worth Rs. 12 crore 90 lakh 99 thousand will be given to the investors.
Alongside this, company has also proposed 0.789 percent cash dividend which is worth Rs. 67 lakh 94 thousand 684. The company announced that this cash dividend is specially for tax purpose of the bonus shares.
About Mid Solu Hydropower
Mid Solu Hydropower operates the 9.5 Megawatt Mid Solu Khola Hydropower Project. This project is located in Salleri, Solukhumbu.
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.
