Chhyangdi Hydropower (CHL) proposes 5.26% Dividend; Calls AGM on Poush 27 to approve 30% Right Share Issue

Chhyangdi Hydropower Company Limited (CHL) has called its 7th AGM on Poush 27. The 72nd meeting of the board of directors held on Mangsir 30 has decided to conduct the AGM virtually that day.

Among other proposals, the AGM will endorse a 5.26% dividend for the fiscal year 2076/77. 5% will be distributed as bonus shares and 0.6% as a cash dividend. Furthermore, the company will also present the proposal of 30% right shares issuance. This issue will be on the paid-up capital of Rs. 29,76,75,000 maintained after adjustment of the 5% bonus shares.

The book closure is announced on Poush 17. Thus, investors maintained before that day are entitled to the dividend payout and can also attend the AGM.