Mandu Hydropower Limited Calls Joint 14th and 15th AGMs to Endorse 22.52 Percent Combined Dividend

13th August 2026, Kathmandu

Mandu Hydropower Limited has officially announced that it will convene its 14th and 15th Annual General Meetings together in a joint assembly

Mandu Hydropower Joint AGM Called for 14th and 15th Editions

The decision to merge the two annual general meetings was finalized during a formal meeting of the Board of Directors held on August 12, 2026, corresponding to Shrawan 27, 2083 in the traditional Bikram Sambat calendar.

According to the official corporate notification, the joint meeting is scheduled to take place on September 3, 2026, corresponding to Bhadra 18, 2083. The assembly will officially begin at 10:00 AM at the Nepa Banquet located in New Bazaar, Kathmandu.

The joint assembly brings together shareholders to review past operational performance, ratify financial reports across two consecutive fiscal years, elect institutional leadership, and endorse substantial dividend payouts proposed by the board.

Breakdown of Proposed Combined Dividend Structure

The primary highlight of the upcoming Annual General Meeting is the proposal for a combined dividend of 22.5263 percent covering two fiscal years, namely fiscal year 2081/82 and fiscal year 2082/83.

The company leadership has structured the payouts across both periods to balance capital growth through bonus shares alongside direct cash distribution for investors.

For fiscal year 2081/82, Mandu Hydropower Limited has proposed a dividend of 10.5263 percent. This includes a 10 percent bonus share allocation along with a 0.5263 percent cash dividend designated primarily to cover applicable tax liabilities on the bonus share issue.

For fiscal year 2082/83, the company has proposed a straightforward 12 percent cash dividend, which includes applicable tax allocations.

Financial Value of Cash Dividend and Capital Details

The proposed 12 percent cash dividend for fiscal year 2082/83 represents a total monetary payout of 163.64 million Rupees.

This cash distribution is calculated based on the existing paid up capital of Mandu Hydropower Limited, which currently stands at 1.3636 billion Rupees.

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The decision to propose both equity bonus shares and cash rewards reflects strong cash flow generation from the hydroelectric operations of the company. The capitalization of bonus shares expands the overall paid up equity base, while the cash component delivers immediate financial returns to retail and institutional investors.

Comprehensive Meeting Agendas and Board Proposals

The joint 14th and 15th Annual General Meeting will cover an extensive list of corporate governance, financial, and organizational agendas.

Key items on the official agenda for shareholder discussion and approval include:

• Review and formal approval of the annual reports presented by the Board of Directors for both fiscal year 2081/82 and fiscal year 2082/83
• Evaluation and endorsement of the audited balance sheets, income statements, cash flow statements, and financial notes across both fiscal years
• Formal approval for the proposed combined 22.5263 percent dividend distribution across both fiscal years
• Approval of the appointment and remuneration of the statutory auditor for the previous fiscal year, alongside the official appointment of the auditor for the current fiscal year
• Election of a director representing the promoter shareholder group to the Board of Directors
• Formal endorsement and approval of the appointment of an independent director to strengthen corporate governance standards
• Evaluation and approval of revised daily travel allowances and expenses for board members
• Granting full authorization to the Board of Directors to make necessary amendments and modifications to the Memorandum of Association and Articles of Association of the company as required by regulatory authorities

Book Closure Date and Dividend Distribution Eligibility

To determine shareholder eligibility for attending the joint Annual General Meeting and receiving the proposed dividend payouts, Mandu Hydropower Limited has announced its official book closure date.

The book closure date has been fixed for August 21, 2026, corresponding to Bhadra 5, 2083.

Investors and traders holding shares of Mandu Hydropower Limited in their Demat accounts prior to the specified book closure date will be eligible to participate in the meeting voting process and receive both the bonus shares and cash dividends.

The company clarified that the proposed dividends will be distributed to eligible shareholders promptly following formal endorsement and resolution approval at the Annual General Meeting.

Significance for Hydropower Sector Investors

The joint Annual General Meeting of Mandu Hydropower Limited represents an important event for investors tracking the clean energy sector on the national stock exchange.

Mandu Hydropower Limited operates clean energy generation assets that contribute directly to the national power grid, providing steady operational revenues from electricity sales. The ability of the company to declare consistent dividends across multiple fiscal years underscores operational stability and strong financial health.

By combining the 14th and 15th Annual General Meetings into a single event, the company streamlines administrative procedures while bringing corporate reporting completely up to date. Shareholders attending the Kathmandu meeting will have full opportunity to evaluate the long term strategy, debt servicing progress, and future capacity expansion plans of the company.

For More: Mandu Hydropower Joint AGM Called for 14th and 15th Editions