The board of directors meeting of the company held on September 28 decided to propose 15 percent stock and 0.789 percent cash dividend for tax purposes.
Moreover, the meeting also decided to issue 80 percent right shares of the paid-up capital maintained after bonus share distribution.
The proposed dividend is subjected to approval from Electricity Regulatory Commission and its upcoming AGM.
The meeting decided to conduct a19th AGM on October 27 in Lisara Banquet, Naxal, Kathmandu at 11 am.
In this regard, the company is closing its book on October 16, thus, the shareholders registered in its book till October 15 will be eligible to attend the AGM and obtain the announced dividend.
