Sahas Urja Calls AGM to Approve 21% Bonus Shares and 1.1053% Cash Dividend

Sahas Urja Limited (SAHAS) has announced its 12th Annual General Meeting (AGM) to endorse the dividend proposed from the profit of the previous fiscal year. The company has scheduled the AGM for Wednesday, December 10 (Mangsir 24) at Karki Banquet, Babarmahal, Kathmandu, starting at 11:00 AM.

The meeting will table a proposal to distribute 21% bonus shares of the current paid-up capital and an additional 1.1053% cash dividend for tax purposes. Once approved, shareholders will receive bonus shares along with the cash amount allocated for tax obligations arising from the bonus distribution.

Additionally, the AGM will consider revising the previously approved 100% rights share proposal. After adjusting for the bonus shares, the company plans to issue rights shares in a 1:1 ratio (one new share for every one existing share). The meeting will also authorize the Board of Directors to amend the company's Memorandum and Articles of Association, and appoint a new auditor for the upcoming fiscal year.

For the purpose of the AGM and dividend distribution, the company has announced a book closure date on Mangsir 5. Therefore, shareholders who have traded shares and retained ownership up to Mangsir 4 will be eligible to participate in the AGM and receive the declared dividends.

Sahas Urja stated that the proposed dividends and rights issuance will support the company’s future expansion plans and strengthen its capital structure.