Radhi Bidyut to convene its AGM today; Company to distribute 10% bonus shares

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    Radhi Bidhyut Company Limited (RADHI) had announced its AGM for FY 2073/74 on Ashadh 24, 2075 i.e today. Meeting is going to be held in Amritbhog Party Palace, Kalikasthan, Kathmandu at 11:30 AM.

    The company is going to endorse 10% bonus share along with 0.60% cash dividend (for tax purpose) among other agendas.

    For the purpose of the same, the book closure date was set from Ashadh 5 to Ashadh 24, 2075. So the shareholders till Ashadh 4, 2075 are eligible for the bonus and to participate in the AGM.

    RADHI had reported Rs 4.23 crore profit in the third quarter of the current fiscal year 2074/75. The hydropower company has paid up capital of Rs 41 crore.

    Radhi Bidyut Company operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since Jestha 31, 2071 and is connected to the national grid.

    Its Last Traded Price (LTP) stands at Rs 231.

    Source: The Sharesansar