KATHMANDU: Top 9 hydropower companies has declared dividends of fiscal Year 2080/081 profits. 2 companies has completed the general meeting and 2 have book closed. While the date of general meeting and book close of 3 companies has been decided, the book close date of 2 is yet to be decided.

The hydropower companies that have declared dividends are Ruru, Bhagwati, Supermai, Mandu, Shahas Urja, Api, Mandakini, Super Madi and Arun Valley Hydropower Company. Still buying shares of Mandakini, Supermy, Api and Arun Valley Hydropower will get the proposed dividend.

RURU Hydropower 
RURU Jalvidyut Project Limited is paying 15.78 percent dividend this time. The Board of Directors meeting held on October 12 of this company decided to give 15 percent bonus shares and 0.78 percent cash dividend to pay taxes. The company has announced that it will also issue 80 percent right shares in the remaining capital after issuing the bonus shares.

RURU has called a general meeting on 11th November. The annual report of the board of directors for the financial year 2080-81, balance sheet, profit and loss etc. will be discussed in the meeting. Likewise, there is also an agenda to appoint an auditor and determine the remuneration for the financial year 2081-82. For the purpose of the general meeting, the company will close the book on October 30. Only the shareholders who remain until October 29th will be able to receive the dividend and participate in the meeting.

Arun Valley Hydropower
Arun Valley Hydropower has called the annual general meeting on November 14 to pass the resolution to distribute the dividend. The meeting will start at 11 am at Hotel Crystal Pashupati Gaushala Kathmandu. The meeting of this company will pass a proposal to distribute 3 percent bonus shares and 0.157 percent cash dividend to the shareholders from last year's profit including tax.

The assembly will pass the proposal to give corporate guarantee in the loan agreement with banks and financial institutions for the construction of Likhu Khola hydropower project, to give authority to the board of directors to amend the regulations and memorandum of association.

For the purpose of the general meeting, the company is going to close the book on 5th November. Only permanent shareholders will be able to receive dividends and participate in the meeting until October 6th.

Api Power Company

Api Power Company has fixed a new date for the annual general meeting and book close by revising the dividend proposed earlier. The company has decided to hold the annual general meeting on November 11th and book close on November 2nd. Earlier, the general meeting convened on October 1 was postponed after the electricity regulatory commission did not approve the dividend proposed by the company.

The meeting of the board of directors held on October 18 of the company has made a new proposal to distribute bonus shares and 0.2632 percent cash dividend for tax sponsorship at the rate of 5 percent of the current paid-up capital from the net profit of FY 2081-081. Currently, the company's paid-up capital is 5 billion 78 million 65 million 97 thousand. According to the instructions of the commission, the company has called the general meeting along with the dividend revision.

SuperMy Hydropower
Supermy Hydropower Limited has declared 12.63 percent dividend to the shareholders from the profit of the last financial year. The Board of Directors meeting held on August 17 of this company has announced to give 7 percent bonus shares and 5.63 percent cash dividend (including tax).

The proposal will be distributed to the shareholders after it is passed by the Electricity Regulatory Commission and the next general meeting. The company has not fixed the book close date for general meeting and dividend purposes.

Mandakini Hydropower

Mandakini Hydropower Limited has declared a dividend of 5.26 percent from last year's profit. The Board of Directors meeting held on October 9 of this company decided to give 5 percent bonus shares and 0.26 percent cash to pay taxes. The proposal will be distributed to the shareholders after the approval of the next general meeting of the company. Mandakini Hydropower has also not fixed the date of general meeting and book close.

Bhagwati Hydropower
The Annual General Meeting of Bhagwati Hydropower Development Company Limited has been completed on October 16th. The company has passed a proposal in the meeting to distribute a total of 14.73 percent dividend to the shareholders from last year's profit as 4 percent bonus shares and 10.73 percent cash dividend including tax.

Mandu Hydropower

The Annual General Meeting of Mandu Hydropower has been completed on October 14th. The assembly has passed a proposal to distribute 12 percent cash dividend including tax to the shareholders from last year's profit. For the purpose of general meeting and dividend distribution, the company had closed the book on Monday 31st of August. Therefore, only the shareholders who remained till 30th of August will get the dividend of Mandu Hydro.

SAHAS URJA
Sahash Urja Limited has proposed to give a total of 8.421 percent dividend to the shareholders from the last year's profit as 8 percent bonus shares and 0.421 percent in cash to pay taxes. The company has also called a general meeting on November 4 to pass the proposal. The meeting will start at Karki Banquet, Babarmahal, Kathmandu from 11 am. In addition, a proposal to issue 100 percent right shares in the capital retained after the distribution of bonus shares will also be submitted.

For the purpose of the meeting, the company has already closed the book on October 13th. Therefore, until October 12th, permanent shareholders will be able to receive dividends and participate in the meeting.

SuperMadi hydropower

Super Madi Hydropower Development Company has called the Annual General Meeting on 5th October with a dividend proposal. The meeting will start at 11 am at Hotel Imperial Battisputli, Kathmandu.

The meeting will pass the proposal to distribute 5% bonus shares of the current paid-up capital. According to which, 10.5 million rupees will be spent on bonus. In addition, the assembly will also pass a resolution to distribute a cash dividend.

The company will also pass a resolution authorizing the board of directors to issue accumulated profits, loans and rights shares to invest in the 285 megawatt capacity Upper Tamor hydropower project under construction in Taplejung district, and to amend the articles of association and articles of association and regulations. For the purposes of the meeting, the company has already Book closed the on October 18.