Super Madi Hydropower will issue 15 percent bonus shares, AGM on October 1

Kathmandu. Super Madi Hydropower Limited has announced to distribute 15 percent bonus shares to the shareholders from the profit of the last financial year. The meeting of the board of directors held on August 8 of the company has decided to distribute 15 percent bonus shares and 0.78947 percent cash dividend for tax purposes based on the current paid-up capital.

The value of bonus shares will be equal to 34 crore 72 lakh 87 thousand 500 rupees. The company said that the dividend will be distributed after the approval of the Electricity Regulatory Commission and the passing of the next annual general meeting. To approve the dividend proposal, the company has convened the 17th Annual General Meeting at Hotel Imperial in Kathmandu on October 1st at 11 am.

For the purposes of general meeting and dividend distribution, the company has decided to close the books on August 22. According to that, the shareholders who have been trading in NEPSE till August 18th can participate in the general meeting and receive the declared dividend.

Express

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