Kutheli Bukhari Small Hydropower Proposes 18.94% Dividend Including 18% Bonus Shares
Kutheli Bukhari Small Hydropower Limited has proposed distributing a total dividend of 18.9474% to its shareholders from the profits of the last fiscal year. The board meeting held on Ashoj 21 decided to issue 18% bonus shares and a 0.9474% cash dividend for tax purposes. The proposed dividend will be distributed after regulatory approval and endorsement at the upcoming AGM.
Kathmandu — Kutheli Bukhari Small Hydropower Limited has announced a total dividend of 18.9474% to its shareholders from the profits of the last fiscal year.
The decision was made during the company's board of directors meeting held on Ashoj 21. Based on the current paid-up capital, the proposed dividend breakdown is as follows:
- 18% Bonus Shares
- 0.9474% Cash Dividend (for tax purposes)
The proposed dividend will be distributed to shareholders only after receiving approval from the regulatory body, the Electricity Regulatory Commission, and subsequent endorsement by the company's upcoming Annual General Meeting (AGM). The distribution of bonus shares will increase the company's paid-up capital.