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Makar Jitumaya Suri Hydropower Proposes 13.6842% Dividend for FY 2082/83

Makar Jitumaya Suri Hydropower Limited has proposed a 13.6842% dividend for its shareholders for FY 2082/83, comprising 13% bonus shares and 0.6842% cash dividend to cover tax obligations.

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Makar Jitumaya Suri Hydropower Proposes 13.6842% Dividend for FY 2082/83

Makar Jitumaya Suri Hydropower Limited has proposed a 13.6842% dividend distribution to its shareholders from the accumulated profits up to the fiscal year 2082/83. The company's Board of Directors meeting held on Kartik 15, 2083, decided to distribute 13% bonus shares worth Rs. 9.88 crore based on its current paid-up capital of Rs. 76 crore. In addition, the company has proposed a 0.6842% cash dividend amounting to approximately Rs. 52 lakh to cover the applicable tax obligations on the bonus share distribution. The proposed dividend is subject to approval from the relevant regulatory authorities and endorsement at the company's upcoming Annual General Meeting (AGM).

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