Kathmandu. Snow Rivers has received prior approval from the Electricity Regulatory Commission to distribute bonus shares to its shareholders.
The commission sent a letter on September 26 giving prior approval to Snow Rivers for the distribution of bonus shares. The company will now approve the proposal for the distribution of bonus shares in the upcoming annual general meeting and distribute it to the shareholders.
The company has proposed to distribute 10 percent bonus shares of the current paid-up capital to the shareholders from the profit of the fiscal year 2082. The company has proposed to distribute 10 percent bonus shares of the current paid-up capital to the shareholders from the profit of 83 and a cash dividend of 0.5263 for tax purposes. The company had submitted an application to the Electricity Regulatory Commission on August 30 for pre-approval of this proposal.
