Is Singati Hydro Energy Limited (SHEL) About to Pay a Dividend?
Exciting news for Singati Hydro Energy Limited (SHEL) investors! The hydro power company is proposing a dividend for the fiscal year 2081/82. According to recent announcements, the board of directors convened on Kartik 18 and proposed a significant shareholder dividend.
The proposed dividend is a 5% bonus share, amounting to approximately Rs. 14.50 per share. This is based on the company’s existing paid-up capital of Rs. 2.90 Arba, representing a potentially lucrative opportunity for SHEL share holders. This is great news for those involved in hydro energy investments!
It’s important to note that this dividend proposal is still subject to certain approvals. First, the Electricity Regulatory Commission needs to give the green light. Secondly, the company’s upcoming 4th AGM (Annual General Meeting) must endorse the proposal. Until both these hurdles are cleared, the dividend distribution remains pending. So, stay tuned for updates on the SHEL dividend!
As of the latest trading price, Singati Hydro Energy Limited’s LTP (Last Traded Price) is Rs. 307.90. Keep an eye on the stock market for any fluctuations as the dividend approval process unfolds. This is definitely a development to watch for those interested in investing in Nepal’s hydro power sector! This move could positively impact the SHEL share price and the overall energy market.
