Sahas Urja Limited Declares 21% Bonus Shares and 1.1053% Cash Dividend; Plans 100% Right Shares Issue

Sahas Urja Limited (SAHAS) has announced the proposal to distribute a 21% bonus share and a 1.1053% cash dividend to its shareholders. The decision was approved during the company’s Board of Directors meeting held on 24th Kartik 2082. The cash portion will be used for tax purposes in relation to the bonus shares.

Following the issuance of the bonus shares, the company plans to issue rights shares in a 1:1 ratio based on the adjusted paid-up capital. The proposal, subject to prior approval from the Electricity Regulatory Commission, will be presented for final approval at the company’s upcoming Annual General Meeting. The proceeds from the rights issue will be invested in other hydropower projects.