Kathmandu- Supermai Hydropower Limited has announced a dividend for its shareholders. A meeting of the company’s board of directors held on Magh 20 approved the distribution of bonus shares and cash dividend, along with a proposal to issue right shares.
According to the decision, the company will distribute 20 percent bonus shares (excluding tax) based on its current paid-up capital of Rs 53.50 crore. In addition, a cash dividend of Rs 5.927 million has been declared solely for tax purposes.
The same board meeting also decided to issue right shares in the ratio of 1:1, allowing existing shareholders to apply for one right share for every share they currently hold.
The proposed dividend and right share issuance will be implemented only after receiving approval from the Electricity Regulatory Commission and endorsement by the company’s upcoming Annual General Meeting (AGM).
