Mid Solu Hydropower to Distribute 15% Bonus Shares; AGM Scheduled for January 5

Mid Solu Hydropower Limited (MSHL) has proposed distributing 15% bonus shares to its shareholders from the profit of the previous fiscal year. To endorse the proposal, the company has called its 4th Annual General Meeting (AGM) on Poush 21 (January 5) at Manasarobar Party Palace, Old Baneshwor, Kathmandu. The meeting will begin at 1 PM.

Along with bonus shares, the company has also proposed a 0.7890% cash dividend to cover tax obligations arising from the bonus distribution. The AGM will also table proposals to authorize the board to amend the Memorandum and Articles of Association, elect five directors from the promoter group, appoint an auditor, and approve the annual corporate governance report.

For the purpose of the AGM and dividend distribution, the company has announced a book closure on Poush 13. Accordingly, shareholders who remain listed in NEPSE up to Poush 9 will be eligible to attend the AGM and claim the proposed dividend.