Sikles Hydropower Declares 15% Bonus Shares and 0.789% Cash Dividend; Plans 100% Right Shares Issue

Key Points

• Sikles Hydropower declared a 15% bonus share and 0.789% cash dividend from accumulated profits.
• The proposal was approved in the Board meeting on 25th Shrawan 2082 and will be finalized in the AGM.
• The company plans to issue right shares in a 1:1 ratio, pending Electricity Regulatory Commission approval.
• Q4 FY 2081/82 financials showed a 63.27% increase in net profit to Rs. 7.75 crore and a 2.95% rise in power sales income.