The company has proposed distributing 5 percent stock and 0.2632 percent cash dividend for tax purposes to its shareholders.
The proposed dividend is subjected to approval from its upcoming AGM.
The company is conducting its 22nd AGM on January 13 in Karki Banquet, Babar Mahal, Kathmandu at 11 am.
Apart from dividend proposal, the meeting will approve proposal of issuing 30 percent right share, invest the amount obtained from right share in 50MW Marshyandi Besi Hydropower Project, delegate authority to forward tasks related with above proposal as well as approve investment in Api Holdings.
In this regard, the company will close its book on January 2, thus, the shareholders registered in its book till January 1 will be eligible to attend the AGM and obtain the announced dividend.
