Snow Rivers Receives Preliminary Approval from Electricity Regulatory Commission for Bonus Share Distribution
Snow Rivers has received preliminary approval from the Electricity Regulatory Commission to distribute a 10 percent bonus share and 0.5263 percent cash dividend to its shareholders. The company will now seek approval of this proposal at its upcoming annual general meeting and distribute it to shareholders.
Kathmandu. Snow Rivers has received preliminary approval from the Electricity Regulatory Commission to distribute bonus shares to its shareholders.
The Commission granted preliminary approval to Snow Rivers for bonus share distribution by sending a letter on Bhadra 26. Now, the company will approve the bonus share distribution proposal at its upcoming annual general meeting and distribute it to shareholders.
The company's board of directors meeting held on Bhadra 4 proposed distributing a 10 percent bonus share on the current paid-up capital and a 0.5263 percent cash dividend for tax purposes to shareholders from the profit of fiscal year 2082/83.
The company had applied to the Electricity Regulatory Commission on Bhadra 15 for preliminary approval of this proposal.