Ru Ru Jalbidhyut Pariyojana Limited Proposes 15.789% Dividend, And 80% Right Shares
Sun, Sep 29, 2024 11:40 AM on Dividend, Bonus & Rights, AGM/Special AGM, Book Closure, Latest,
Ru Ru Jalbidhyut Pariyojana Limited (RURU) has proposed a 15.789% dividend for the fiscal year 2080/81 and has called the 19th AGM on 11th Kartik, 2081. The AGM will be held in the Lisara Banquet located at Naxal, Kathmandu, starting at 11 AM that day.
The company has proposed a 15% bonus shares and 0.789% cash dividend (including tax) for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 49.33 Crores.
Similarly, The company has resolved to issue 80% right shares worth Rs. 3.78 Arba after adjusting for the allocation of 15% bonus shares from the existing paid-up capital of Rs. 49.33 Crores.
The Upper Pikhuwa Khola Hydroelectric Project in Bhojpur District, developed by Sumnima Hydro Power Company Pvt. Ltd., a subsidiary with at least 51% majority ownership of Ru Ru Jalbidhyut, along with the Pikhuwa Pashupati Hydroelectric Project (4.1 MW), aims to raise the necessary capital for development and construction, as well as to repay outstanding loan facilities.
The dividend will be distributed only after approval by the Electricity Regulatory Commission and endorsement by the company's AGM.
Ashwin 30 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.
As of writing, RURU has an LTP of Rs. 710.00.
Dividend History:
