Supermai Hydropower Limited (SMH) has put forward a proposal for a 21.11% dividend for the fiscal year 2081/82. The company is set to hold its 11th Annual General Meeting.
During the 132nd board meeting conducted on Magh 20, a 21.11% dividend has been suggested for the fiscal year 2081/82. This includes a 20% issuance of bonus shares valued at Rs. 10.70 Crores and a 1.11% cash distribution (tax inclusive) amounting to Rs. 59.27 lakhs. The organization’s paid-up capital stands at Rs. 53.50 Crores. Following the distribution of bonus shares, the company intends to offer rights shares at a 1:1 ratio, reflecting the adjusted paid-up capital. This suggestion will be submitted for final consent at the upcoming Annual General Meeting, pending approval from the Electricity Regulatory Commission. The funds raised through the rights issue are earmarked for investment in additional hydropower ventures.
