Radhi Bidyut Company Proposes 5% Dividend, And 69.89% Right Shares

Radhi Bidyut Company Limited (RADHI) has proposed a 5% dividend for the fiscal year 2080/81 and has called the AGM on 18th Poush, 2081.

The company has proposed a 4.75% bonus shares and 0.25% cash dividend (tax purposes) for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 1.75 Arba.

Similarly, The company has resolved to issue 69.89% right shares after adjusting the allocation of 4.75% bonus shares from the existing paid-up capital of Rs. 1.75 Arba.

Furthermore, there is an agenda to endorse the auditor's report along with the profit and loss statements, financial reports, and cash flow reports, and to appoint an auditor for the fiscal year 2081/82, and there is also an agenda to appoint an independent director.

The dividend distribution is subject to approval by the Electricity Regulatory Commission and the company's AGM.

The book closure date for the proposed dividend and AGM is set for 3rd Poush, 2081. Shareholders holding shares until the 2nd Poush will be eligible for the dividend payout and can participate in the AGM.

As of writing, RADHI has an LTP of Rs. 399.00.