Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2080/81; Calls AGM on Poush 28

Sanima Mai Hydropower Limited (SHPC) has proposed a 10.5263% dividend for FY 2080/81. The company has also called its 13th AGM on Poush 28, 2081.

The meeting of the board of directors held on Mangsir 24, 2081 has decided to distribute a 10.5263% dividend for FY 2080/81. 0.5263% cash dividend and 10% bonus shares are proposed from the paid-up capital. The paid-up capital of the company stands at Rs. 3.39 Arba. Thus, bonus shares are worth Rs. 33.98 Crores and cash dividend is worth Rs 1.78 Crores. The cash dividend includes the tax amount for the bonus shares.

One of the major agendas for the meeting includes seeking approval to grant full authority to the Board of Directors to merge with other suitable companies operating in a similar field. The board aims to undertake all necessary procedures to facilitate the merger, ensuring alignment with the company's strategic goals.

The book closure for the proposed dividend and AGM is on 9th Poush, 2081. Therefore, the shareholders maintained till the 8th Poush are entitled to dividend payout and can attend the AGM.