Arun Valley Hydropower announces 10% bonus shares; Book closure on Bhadra 9; LTP at Rs 265

Arun Valley Hydropower Co. Ltd. (AHPC) has proposed 10 percent bonus shares to its shareholders from the profit it made in fiscal year 2073/74. As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the BOD meeting of the company held on Shrawan 32, 2074 has decided to propose 10% stock and 0.526% cash dividend (for tax pupose) to its shareholders. However, the decision is subjected to approval from concerned authority and its upcoming 20th Annual General Meeting (AGM). AGM will held on Bhadra 30, 2074 at Staff College, Jawalakhel, Lalitpur for the endorsement of bonus shares. The book closure date has been set on Bhadra 9 to Bhadra 15, 2074. But only those shareholders holding shares ahead of the book close date are eligible for proposed dividends and participation in AGM. AHPC is first company to call for AGM of FY 2073/74. The paid up capital of AHPC will become Rs 93.30 crore. Last year, AHPC had distributed 10 percent bonus shares to its shareholders from the net profit it earned in the FY 2072/73. AHPC has earned net profit of Rs 8.95 crore in the fourth quarter of the last fiscal year 2073/74 as per unaudited report. AHPC will be issuing 31.57 lakh unit shares as FPO at Rs 301 per share but this decision is subjected to approval from SEBON. AHPC has very good investment in many hydropower companies like RHPC, API, AKPL, etc. It has consistently providing good return to their shareholders, since its inception. Its LTP stands at Rs 265 as of August 16, 2017.