Sikles Hydropower Declares 15.78% Dividend, Plans 1:1 Rights Share Issue

Sikles Hydropower Limited has announced a 15.78% dividend on its current paid-up capital. According to Company Secretary Nirajan Maharjan, the board meeting held last evening approved the proposal to distribute a 15% bonus share and a 0.789% cash dividend (for tax purposes) from the accumulated profits of fiscal years 2080/81 and 2081/82.

Following the dividend distribution, the company also plans to issue rights shares in a 1:1 ratio based on the updated paid-up capital. The rights issue, intended for investment in other projects and expansion, will be presented at the upcoming annual general meeting after obtaining prior approval from the Electricity Regulatory Commission.