Mandakini Hydropower Distributing 5% Cash Dividend Directly to Shareholders' Bank Accounts

Mandakini Hydropower Limited (MHL) is distributing 5% cash dividends directly to the bank accounts of its shareholders and has urged them to dematerialize their shares.

The company convened its 9th AGM for the FY 2078/79 on Poush 30, 2079. The meeting of the board of directors held on Mangsir 29, decided to distribute 5% of the paid-up capital as cash dividend (including tax) from the distributable profits of 2078/79 to the shareholders.

Also, the company has urged the shareholders to dematerialize their shares if they haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution to receive the dividend.

Announcement