Barun Hydropower Company Limited Proposes 5% Dividend for FY 2081/82

Barun Hydropower Company Limited (BARUN) has proposed a 5% dividend for the fiscal year 2081/82 and has called the 22nd AGM on Mangsir 26, 2082. The AGM will be held in the Smart Durbar located at Shankha Park, Kathmandu, starting at 9:30 a.m. that day.

The board of directors meeting held on Mangsir 03 has decided to distribute 4.75% bonus shares worth Rs. 5.09 Crores and 0.25% cash dividend (for tax purposes) worth Rs. 26.79 lakhs from the paid-up capital. Since the company's paid-up capital is Rs. 1.07 Arba.

Furthermore, there is an agenda to endorse the auditor's report along with the profit and loss statements, financial reports, and cash flow reports, and to appoint an auditor for the fiscal year 2082/83.

The agenda includes approving the decisions made by the Board of Directors, discussing meeting allowances and facilities for board members, endorsing the institutional good governance report, and approving the appointment of the Board of Directors.

The company has declared the book closure for dividends and AGM on Mangsir 14. Thus, investors maintained before that date are entitled to the dividend and can also attend the AGM.

As of writing, BARUN has an LTP of Rs. 344.90.