Mandu Hydropower Proposes 12% Cash Dividend for FY 2082/83

Mandu Hydropower Limited has proposed a 12% cash dividend to its shareholders from the accumulated profits of fiscal year 2082/83.

The proposal was made by the company’s 228th Board of Directors meeting held on Shrawan 27, 2083. Based on the company’s current paid-up capital of Rs. 1.36 Arba, the proposed cash dividend amounts to Rs. 16.36 Crore, including the applicable dividend tax.

The proposed dividend will be distributed subject to approval from the company’s shareholders and the relevant regulatory authorities.

The company also reiterated its earlier dividend proposal based on accumulated profits up to fiscal year 2081/82.

As decided by the 225th Board meeting, Mandu Hydropower had proposed a 10% bonus share amounting to Rs. 13.63 Crore, equivalent to 13,63,637 bonus shares, based on the existing paid-up capital of Rs. 1.36 Arba.

In addition, the company had proposed a 0.5263% cash dividend, amounting to Rs. 71.77 lakh, for dividend tax purposes.

The earlier bonus share and cash dividend proposal is subject to approval from the Electricity Regulatory Commission before distribution to shareholders.