Sahas Urja Limited Proposes Dividend and 100% Rights Issue Following Bonus Share Adjustment

Kathmandu. SAHAS Energy Limited (SAHAS) has proposed an 8% bonus share and a 0.421% cash dividend for its shareholders for tax purposes. The proposed dividend will be ratified at the annual general meeting scheduled for Kartik 4, following a meeting of the board of directors on Bhadra 31. The general meeting will be held at Karki Banquet in Babarmahal, Kathmandu.

The company has also proposed to issue rights shares in a 1:1 ratio, which will increase the company's paid-up capital.

For the purposes of the general meeting and dividend distribution, it has been decided to close the book on Ashwin 13. Shareholders will be eligible to receive dividends and participate in the meeting until Ashwin 12. The meeting will approve the financial statements for four fiscal years, appoint auditors, and also approve the loans taken for the projects.