Sikles Hydropower Limited Unveils Book Closure Date for its 15.789% Dividend; Calls AGM on Mangsir 29

Sikles Hydropower Limited (SIKLES) has called its 20th and 21st AGM on 29th Mangsir, 2082. The meeting will be held in Avya Club, Pokhara, Kaski, starting at 11:00 am that day.

Among the other agendas, the AGM will endorse a 15.789% dividend for the FY 81/82 for shareholders. The decision was approved during the company’s Board of Directors meeting held on 25th Shrawan 2082 at 5 PM. The bonus shares, amounting to Rs. 12.75 crore, and the cash dividend, totaling Rs. 67,10,526, will be distributed from the accumulated profits of FY 2080/81 and FY 2081/82. The cash portion will be used for tax purposes on the bonus shares.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2082/83. There is an agenda to elect the board of directors. Following the issuance of the bonus shares, the company plans to issue rights shares in a 1:1 ratio based on the adjusted paid-up capital.

The book closure date is from Mangsir 18. Therefore, the shareholders who maintained before that day are entitled to dividend payout and can attend this AGM.