Hydroelectricity Investment and Development Company Limited (HIDCL) has called its 10th AGM on Poush 22. The meeting will be held in the company's office in Hattisar, Kathmandu, starting at 9 am that day.
Among other agendas, the AGM will endorse an 8.421% dividend for the fiscal year 2077/78. The 248th meeting of the board of directors held on Kartik 15 decided to distribute 8% bonus shares and 0.421% cash dividend from the paid-up capital. The paid-up capital of the company is Rs. 18.7 Arba. Thus, the bonus shares are worth slightly over Rs. 1.49 Arba and cash dividend is worth Rs 7.87 crores.
Furthermore, this AGM will also elect a board member from the public shareholders.
Poush 05 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
HIDCL closed at Rs. 277.50 yesterday.