Chilime’s 295pc Cash, 100pc Stock Dividend In 10yrs

Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal. “We are building four hydropower projects in four years of 270.3 megawatt total capacity,” he said, adding that the company could distribute additional dividend after the completion of the projects. According to the company, it has already managed the fund for these projects. 

 

The AGM also endorsed the proposal to distribute 30 per cent bonus shares and 10 per cent cash dividend this year. “We have decided to distribute the bonus to manage funds from shareholders for upcoming projects,” he said. The company has said it will increase its paid-up capital by distributing bonus shares every year. The company has Rs 1.75 billion as paid-up capital until the Fiscal Year 2012-13. With the distribution of 30 per cent bonus shares, the paid-up capital reaches Rs 2.30 billion.