Mountain Energy Nepal Limited has announced a total dividend of 21.05263 percent from the profits of the fiscal year 2082/83 to its shareholders.
Dividend Announcement Details
The company board of directors recently decided to provide a dividend to their shareholders. In the 146th meeting held on Ashoj 26, 2083, at 3:30 PM, it was proposed to distribute 20 percent bonus shares and 1.05263 percent cash dividend. This cash amount is for the tax purpose. This plan show that company is trying to reward its investors from the profit they earned.
Approval and Annual General Meeting
For this dividend to reach the shareholders, it needs to get approval from the Electricity Regulatory Commission first. After that, it will be approved in the 13th Annual General Meeting of the company. This meeting is scheduled to happen on Kartik 20. The shareholders will receive the dividend only after these steps are completed properly.
Book Close Information
The company decided to keep the share registration book close on Kartik 10 for one day. This is done to prepare for the annual general meeting. Based on the record of shareholders before this date, the company will allow them to join the meeting and process for the dividend distribution. People who hold shares before this date will be eligible for these benefits.
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.
