Exciting News for Barun Hydropower Investors: 5% Dividend Announced!
Get ready, investors! Barun Hydropower Company Limited (BARUN) has just announced a fantastic dividend proposal of 5% for the fiscal year 2081/82. This is great news for shareholders looking for investment returns from this thriving hydropower company.
The company has scheduled its 22nd Annual General Meeting (AGM) on Mangsir 26, 2082, starting at 9:30 a.m. The venue is the Smart Durbar located at Shankha Park, Kathmandu. Mark your calendars!
The decision was made during the board of directors meeting held on Mangsir 03. The proposed dividend consists of 4.75% bonus shares, amounting to Rs. 5.09 Crores, and a 0.25% cash dividend (for tax purposes) worth Rs. 26.79 lakhs. This distribution is based on the company’s paid-up capital of Rs. 1.07 Arba. This represents an excellent investment opportunity for current and prospective shareholders.
The AGM agenda is packed! Shareholders will be asked to endorse the auditor’s report, including the profit and loss statements, financial reports, and cash flow reports. They will also appoint an auditor for the fiscal year 2082/83. Expect lively discussions on the company’s financial performance and future outlook.
Other key agenda items include approving decisions made by the Board of Directors, discussing meeting allowances and facilities for board members, endorsing the institutional good governance report, and approving the appointment of the Board of Directors. This shows the commitment to strong corporate governance within Barun Hydropower.
Important dates for your diary: The book closure for dividends and AGM is on Mangsir 14. To be eligible for the dividend and to attend the AGM, make sure you were an investor before this date. This is your chance to participate in the company’s future!
As of this writing, BARUN‘s Last Traded Price (LTP) is Rs. 344.90. Keep an eye on the stock market trends and make informed investment decisions! This dividend announcement could influence future stock performance.
