Mid Solu Hydropower Proposes 15.789% Dividend with 15% Bonus Shares and 0.789% Cash

Mid Solu Hydropower Company Limited (MSHL) has announced a dividend proposal of 15.789% for fiscal year 2081/82. According to the decision made by its board of directors on Bhadra 12, the company has proposed distributing 15% bonus shares worth Rs. 11.22 crores and 0.789% cash dividend worth Rs. 59.08 lakhs. The company’s existing paid-up capital stands at Rs. 74.84 crores, and the proposed cash dividend also covers the tax amount applicable on bonus shares. However, the distribution will be finalized only after approval from the Electricity Regulatory Commission and endorsement by the upcoming 4th Annual General Meeting (AGM). As of the latest trading session, MSHL’s last traded price (LTP) is Rs. 902.48.