Hydroelectricity Investment and Development Company Distributed Cash Dividends Directly to Shareholders' Bank Accounts

Hydroelectricity Investment and Development Company Limited (HIDCL) has distributed a 5.263% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.

The company convened its 12th AGM for the FY 2079/80 on Poush 29, 2080. The company endorsed a 5.263% cash dividend for FY 2079/80. The meeting of the board of directors held on Poush 4 has proposed a 5.263% cash dividend (including tax) worth Rs. 1.29 Arba for the fiscal year 2079/80. The existing paid-up capital of HIDCL is Rs. 24.67 Arba.

Also, the company has urged the shareholders to dematerialize their shares if they still need to update their bank information in the Demat account and are requested to do so to receive the dividend.

Additionally, suppose eligible investors had taken a loan against the company's shares before the book closure date. In that case, they should present a No Objection Letter from their lending institution to receive the dividend.