Mandu Hydropower Limited (MANDU) has announced a dividend for its shareholders from the profits earned in the previous fiscal year.
A meeting of the company's Board of Directors held on Jestha 18 decided to distribute a 10% bonus share and an additional 0.5263% cash dividend to cover the tax liability associated with the bonus shares.
The proposed dividend will be distributed based on the company's current paid-up capital. However, the distribution is subject to approval from the Electricity Regulatory Commission and endorsement by the company's upcoming Annual General Meeting (AGM).
If approved, shareholders will receive bonus shares equivalent to 10% of their existing holdings, along with the cash component allocated for tax purposes.
The dividend announcement reflects the company's efforts to provide returns to investors while maintaining its commitment to long-term growth in Nepal's hydropower sector.
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