Sahas Urja Limited: Announcement of 8% Bonus Shares and Rights Issue

Sahas Urja Limited has announced a dividend plan, proposing an 8% bonus share distribution and a rights issue during its Annual General Meeting (AGM). This move reflects the company's strategic financial decisions and its future plans for growth and stability. Additionally, the company will approve audit reports for multiple fiscal years and discuss several other key proposals.

Dividend Announcement:

• Bonus Shares: Sahas Urja Limited plans to distribute 2.8 million bonus shares, equivalent to NPR 280 million, which represents 8% of the company’s paid-up capital.

• Rights Issue: After the distribution of bonus shares, the company will issue 3.78 million rights shares at a face value of NPR 100 per share in a 1:1 ratio, based on the increased paid-up capital.

AGM Details:

• Date and Venue: The AGM is scheduled for Kartik 4 (October 21) at 11:00 AM at Karki Banquet, Babarmahal.

• Fiscal Years Covered: The AGM will cover the fiscal years 2077/78, 2078/79, 2079/80, and 2080/81.

• Key Proposals:

  • Approval of financial statements and auditor’s reports.

  • Appointment of a new auditor.

  • Approval of cash dividends for taxes on bonus shares.

  • Authorization for additional loans required for ongoing projects.

Purpose of Proposals:

• The bonus shares and rights issue are intended to strengthen the company's capital base.

• These financial measures aim to enhance Sahas Urja Limited's financial stability and support its future growth plans.

Future Plans:

• The approval of these proposals at the AGM will focus on reinforcing the company’s development plans and ensuring a robust financial position.

Conclusion: Sahas Urja Limited’s decision to distribute bonus shares and conduct a rights issue is aimed at bolstering its financial health. The approval of multiple fiscal audit reports and key financial decisions is expected to provide long-term benefits to its shareholders, supporting the company's sustained growth and stability.