BPCL announces 10% bonus shares and 18% cash dividend; Paid-up capital to reach Rs 2.44 arba after adjustment

Butwal Power Company Limited (BPCL) has announced 28% dividend for its shareholders from the profits of FY 74/75.

The BOD meeting of the hydropower company on 21st Mangsir, proposed 10% bonus shares and 18% cash dividend for the shareholders. However, this decision is subject to approval form the upcoming AGM of the company. The company’s 23rd AGM will be held on 27th Poush 2075, from 10:00 AM at Karki Banquet, Babarmahal. The books of the company will remain closed from 6th Poush to 27th Poush 2075, i.e. shareholder holding shares of BPCL till 5th Poush will be eligible to attend the AGM of the company.

After the adjustment of 10% bonus shares, the paid up capital of the company will reach Rs.2.44 Arba. The company had previously distributed 20% cash dividend from the profits of FY 73/74 for the shareholders. The LTP as of 6th December 2018 stands at Rs.429 per share.