Super Madi Hydropower Announces Book Closure for 5.2642% Dividend; Calls AGM on Poush 04

Super Madi Hydropower Limited (SMHL) has announced its 16th Annual General Meeting (AGM) to be held on 4th Poush, 2082. The meeting will take place at Hotel Imperial, Battisputali, Kathmandu, starting from 11:00 AM.

The key agenda of the AGM includes endorsing the company’s proposed 5.2642% dividend for the fiscal year 2081/82. The Board of Directors' meeting held on Mangsir 04 has proposed:

• 5% Bonus Shares worth Rs. 11.02 Crores, and

• 0.2642% Cash Dividend worth Rs. 58,02,632

The company’s current paid-up capital stands at Rs. 2.20 Arba.

Other agendas include endorsing the auditor’s report along with the profit and loss statement, financial statements, and cash flow reports, as well as appointing an auditor for FY 2082/83. After the issuance of bonus shares, the company also plans to issue rights shares in a 1:1 ratio based on the adjusted paid-up capital.

The book closure period is from Mangsir 17 to Poush 04. Therefore, shareholders who maintain their share ownership before the book closure date will be eligible for the dividend and allowed to participate in the AGM.