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Sahas Urja Limited (SAHAS) has revealed its plan to allocate a 21% bonus share alongside a 1.1053% cash dividend to its investors. This decision received approval during the Board of Directors meeting convened on the 24th of Kartik 2082. The cash component will be utilized for taxation purposes related to the bonus shares.
After the bonus shares are issued, the company intends to offer rights shares at a 1:1 ratio based on the modified paid-up capital. The proposal, pending prior consent from the Electricity Regulatory Commission, will be submitted for final ratification at the company’s upcoming Annual General Meeting. The funds raised from the rights issue will be directed towards other hydropower ventures.
